Asked by
Hayden Smart
on Oct 30, 2024
Verified
Downsizing can be used to reduce surplus labor because it yields fast results.
Downsizing
The reduction of an organization's workforce to cut costs and improve efficiency, often resulting in job losses.
Surplus Labor
Refers to the portion of labor capacity that exceeds the necessary labor for producing a desired output.
- Identify and differentiate between the various strategies for managing labor shortages and surpluses.
- Understand the consequences of reducing company size on employees and the organization itself.
Verified Answer
CP
Learning Objectives
- Identify and differentiate between the various strategies for managing labor shortages and surpluses.
- Understand the consequences of reducing company size on employees and the organization itself.
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