Asked by Sydney Horton on Jul 09, 2024

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What are three ways to reduce labour expenses by reducing the size of the labour force?

A) restructuring,outsourcing,and downsizing
B) technology,rightsizing,and downsizing
C) technology,layoffs,and downsizing
D) technology,outsourcing,and downsizing

Labour Expenses

Costs associated with compensating employees, including wages, salaries, benefits, and taxes.

Rightsizing

Adjusting the number of employees to fit the current needs of the organization, which may involve layoffs or hiring.

Layoffs

The temporary or permanent dismissal of employees from their jobs due to economic downturns, business restructurings, or other financial reasons.

  • Discern various metrics and measures adopted in Human Resources Management for assessing policies and practices.
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Ubaid Nasir PatelJul 15, 2024
Final Answer :
D
Explanation :
Technology can automate tasks that previously required human labor, outsourcing allows companies to delegate certain tasks to other companies or countries with lower labor costs, and downsizing involves reducing the size of the labor force through layoffs or attrition. Therefore, reducing labor expenses can be achieved through these three methods.