BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Increased work hours
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Less part time workers
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Less contingent workers
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Detailed explanation-1: -This increases cardiovascular and cancer risk, among other issues. As a result, the authors pointed out, stress results in “accidents, absenteeism, employee turnover, diminished productivity, and direct medical, legal, and insurance costs” that cost the United States $300 billion every year.
Detailed explanation-2: -Consequences of Downsizing Remaining employees may struggle to manage increased workloads and stress, leaving little time to learn new skills-which can negate any theoretical gain in productivity. Losing trust in management inevitably results in less engagement and loyalty.
Detailed explanation-3: -Downsizing can take a toll on workforce morale; employees may feel betrayed. Long-term consequences of altering the work environment include increased voluntary turnover and decreased innovation.