Asked by Princess Lockett on Apr 26, 2024
Verified
According to a study of the effects of rightsizing conducted in the 1990s, the firms where the decline in employment was less than 5 percent from 1980 to 1994, but the decline in plant and assets during the same period was at least 5 percent greater than the decline in employment were called _____.
A) stable employers
B) employment downsizers
C) asset downsizers
D) combination upsizers
Rightsizing
Is the process of monitoring and adjusting the composition of the organization’s workforce to its optimal size.
Stable Employers
Organizations that provide consistent employment opportunities over time, known for their financial stability, low staff turnover, and predictable demand for their products or services.
Employment Downsizers
Companies or managers that implement policies to reduce the workforce for cost-cutting or organizational restructuring purposes.
- Identify approaches for modifying workforce composition, such as reducing staff numbers, implementing layoffs, and hiring temporary employees.
- Recognize the impact of various human resource strategies on employee well-being and contentment in their roles.
Verified Answer
Learning Objectives
- Identify approaches for modifying workforce composition, such as reducing staff numbers, implementing layoffs, and hiring temporary employees.
- Recognize the impact of various human resource strategies on employee well-being and contentment in their roles.
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