Imagine you work for a low-tech company that is not experiencing any market growth.The company is thinking of laying off 40% of its employees as a way to cut costs.Which of the following might save as many costs as a massive layoff?
A)not renewing contracts for temporary and part-time workers
B)job sharing
C)reducing the hours in a standard workweek
D)temporary leaves
E)all of the above

Question

Quizplus · Accepted Answer

All of the above options could save costs for the company without necessarily having to lay off a large number of employees. Not renewing contracts for temporary and part-time workers would save salary expenses, job sharing would reduce the number of hours each employee works without completely letting them go, reducing the hours in a standard workweek would lead to salary cost savings, and offering temporary leaves would reduce the number of employees working at any given time without losing them entirely. Therefore, implementing all of these options together would save costs without resorting to a massive layoff.

Imagine You Work for a Low-Tech Company That Is Not