ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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succession planning
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redeploying surplus employees to other areas of the organisation
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recruiting from the outside
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replace those who leave with new employees
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Detailed explanation-1: -If labor demand exceeds supply, the firm may invest in training workers, promoting from within, and actively recruiting employees to meet projected needs.
Detailed explanation-2: -The most common approaches to handle labor surplus are; Layoff excess employees. It’s a process of reducing the size of the organization’s workforce. It involves quickly reducing the number of workers but at the same time is one of the most difficult tasks HR can do. Restructuring organization’s skill base.
Detailed explanation-3: -In any situation involving a labor surplus, don’t hire new workers. A hiring freeze is a necessary step while your company’s management team determines the best path forward. In addition, you should end contracts with outsourced talent and transfer those tasks to internal labor instead.
Detailed explanation-4: -Redeployment means appointment of a surplus employee against a vacancy in a Central Civil Service or post in accordance with the CCS (Redeployment of Surplus Staff ) Rules, 1990.