Specific Strategies, Supply and Demand, Scenarios, Labour, Downsizing, Management
The key terms in this Human Resources course include Specific Strategies, Supply and Demand, Scenarios, Labour, Downsizing, Management, Buyout Packages, Laying Off Employees, Strategies, Downsizing through Attrition, Job Sharing, Reduced Work Weeks, Work Sharing, CEO, Director,
Specific strategies must be formulated to balance supply and demand. Possible scenarios are:
A) expected demand matches supply.
B) there is a shortage of labour.
C) supply matches expected demand.
D) labour supply exceeds demand.
E) all of the above. correct
You have been hired as the Director of HR at Targus Inc., a clothing retailer. Due to a reduction in consumer demand you have been asked to advise management on how to reduce the amount of staff by 5% over the next 2 years. Although a slow method for reducing numbers the option which generally presents the least amount of problems is:
A) downsizing through attrition. correct
B) offering attractive buyout packages.
C) laying off employees.
D) introducing a reduced work week.
E) offering attractive early-retirement packages.
Drawbacks of attrition include the following:
A) It takes a short period of time.
B) It is hard to implement.
C) It costs large sums of money.
D) The organization has no control over who goes and who stays. correct
E) Employees do not accept this strategy.
When the internal supply of employees exceeds the organizationʹs demand, strategies used by employers include all of the following EXCEPT:
A) offering attractive buyout packages.
B) laying off employees.
C) initiating job-share positions.
D) making early retirement mandatory. correct
E) downsizing through attrition.
Specific Strategies – Human Resources Final Quiz
You have been asked by the CEO to advise on how to reduce the workforce by 10% over the next 2 years. There is little in the budget for payment of up-front money. Which of the following would you NOT recommend?
A) reduced work weeks
B) work sharing
C) buyouts and early retirement packages correct
D) job sharing
E) layoffs based on reverse seniority
With which of the following strategies for handling a labour surplus is the potential for a human rights violation most closely associated?
A) reduced work weeks
B) termination of employment
C) job sharing
D) early retirement packages correct
E) work sharing
The layoff-avoidance strategy introduced by the federal government is known as:
A) the early leave package.
B) the reduced work week.
C) job sharing.
D) work sharing. correct
E) supplemental unemployment benefits
Drawbacks of attrition include the following:
A) It takes a short period of time.
B) It is hard to implement.
C) It costs large sums of money.
D) The organization has no control over who goes and who stays. correct
E) Employees do not accept this strategy.
When the internal supply of employees exceeds the organizationʹs demand, strategies used by employers include all of the following EXCEPT:
A) offering attractive buyout packages.
B) laying off employees.
C) initiating job-share positions.
D) making early retirement mandatory. correct
E) downsizing through attrition.