What are three ways to reduce labour expenses by reducing the size of the labour force?
A)technology,job design,and outsourcing
B)technology,outsourcing,and downsizing
C)layoffs,downsizing,and restructuring
D)outsourcing,layoffs,and downsizing

Question

Quizplus · Accepted Answer

The three ways to reduce labour expenses by reducing the size of the labour force are technology, outsourcing, and downsizing. Technology can automate processes and reduce the need for manual labour. Outsourcing involves hiring external companies to perform tasks, which can be more cost-effective than having permanent employees. Downsizing refers to reducing the overall number of employees within a company, usually through layoffs or attrition. Together, these strategies can help reduce labour expenses while still maintaining productivity levels. Option A is incorrect as job design does not actually reduce labour force size. Option C includes restructuring, which is not a specific strategy but a broader process that includes multiple strategies such as downsizing and outsourcing. Option D is similar to option C and includes layoffs, which is a specific form of downsizing.

What Are Three Ways to Reduce Labour Expenses by Reducing