BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If these employees are in a nonpivotal talent pool
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If the replacements are highly qualified
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If the performances of the employees that are leaving are low
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If employees that are leaving are in a pivotal talent pool
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Detailed explanation-1: -The employees still in the organization might experience a decrease in job satisfaction, organizational loyalty and performance which affects their productivity and in turn affects the functioning of the organization.
Detailed explanation-2: -An employee may be separated as consequence of resignation, removal, death, permanent incapacity, discharge or retirement. The employee may also be separated due to the expiration of an employment contract or as part of downsizing of the workforce.
Detailed explanation-3: -Minimises Cost of Labour: By separating the employees, an organisation can reduce its cost of labour. However, the cost of layoff is considerable, but the money which is saved by separating the employees from an organisation can be used for lay-off in order to compensate the expenses occurring from lay-offs.
Detailed explanation-4: -1. When possible, employees should typically provide written notification with a minimum of two weeks’ notice of their intention to separate from the company. 2. After management receives this letter, they should forward it to their HR department along with a signed “Separation Notice”.