If the labour surplus is temporary in nature one potential strategy is to offer
A) voluntary leaves of absence.
B) retention bonuses.
C) outplacement services.
D) golden parachutes.
E) hiring bonuses.

Question

Quizplus · Accepted Answer

Offering voluntary leaves of absence allows employees to take time off from work and return once the labour surplus has ended. This avoids the need to terminate employees and ensures the organization can retain talent when the labour market becomes tighter again. Retention bonuses, outplacement services, and golden parachutes are typically used in situations where employees are being laid off due to a permanent reduction in workforce. Hiring bonuses are used when there is a labour shortage and the organization needs to attract new talent.

If the Labour Surplus Is Temporary in Nature One Potential