Asked by Sydney Horton on Jul 09, 2024
Verified
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.
Verified Answer
Learning Objectives
- Discern various metrics and measures adopted in Human Resources Management for assessing policies and practices.
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