Asked by Syecia Johnson on Jun 30, 2024
Verified
Early retirement programs are one of the most effective approaches to downsizing.
Early Retirement
The act of leaving one's profession or career and ceasing to work before reaching the traditional age of retirement.
Downsizing
A strategic reduction of the workforce by a company through layoffs, often with the intent of reducing costs and improving efficiency or profitability.
- Recognize the significance of human resource management (HRM) in mergers, acquisitions, and downsizing processes.
Verified Answer
JG
julius goddardJul 01, 2024
Final Answer :
False
Explanation :
Early retirement programs can be a tool for downsizing, but their effectiveness varies widely depending on how they are implemented and the specific context of the organization. They are not universally the most effective approach, as other strategies like layoffs, attrition, or hiring freezes might be more suitable depending on the situation.
Learning Objectives
- Recognize the significance of human resource management (HRM) in mergers, acquisitions, and downsizing processes.