Assume an organization is facing a labor surplus. What would be the organization’s consideration for downsizing? Identify why it would be in their best interest to use an alternative method other than downsizing to reduce this surplus? Explain how this alternative method may affect employee behaviors.
Discipline: Human Resource Management
Acct IP 5Acct IP 5
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Labor SurplusLabor Surplus
Assume an organization is facing a labor surplus. What would be the organization’s consideration for downsizing? Identify why it would be in their best interest to use an alternative method other than downsizing to reduce this surplus? Explain how this alternative method may affect employee behaviors.
PromotingPromoting
Discuss the advantages and disadvantages of transferring or promoting employees from within an organization versus hiring externally. What factors affect this business decision of workforce management?