Hope College is planning for the next biennium.School administrators know that the enrollment is on the decline,but still need to offer students the best experience possible.They want to shrink their payroll slowly.They can accomplish this through

Question

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Early retirement allows for a gradual decrease in the size of the payroll without the need for drastic measures such as downsizing or demotions, which can negatively impact the student experience. Pay reduction or temporary employees may also affect the quality of faculty and staff, which may deter prospective students from enrolling. Early retirement offers a voluntary option for those employees who may be considering retirement, allowing them to leave with dignity and potentially providing opportunities for new hires.

Hope College Is Planning for the Next Biennium