Amphityron Services,Inc.,is experiencing a decline in sales,revenue and profits which it predicts will be reversed in less than a year.Amphityron doesn't have enough work to keep its highly-skilled,experienced workforce busy.The VP of HR should consider all of the following actions EXCEPT

Question

Quizplus · Accepted Answer

Laying off the highest-paid operating employees may result in losing valuable human capital and talent that may be difficult to replace when the company needs to ramp up production again. It is better to find ways to retain talented employees during the downturn and restructure the company's operations to improve profitability. Options such as instituting temporary pay cuts, suspending 401K contributions, and offering unpaid vacation days can help reduce costs while retaining the workforce.