ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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offer early retirement options
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transfer employees to another branch or outlet
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hire temporary employees
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lay off/retrench employees
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Detailed explanation-1: -Time for us to reevaluate the employee value proposition. Top 2 reasons according to me why people leave are lack of meaningful work and lack of growth and career advancement opportunities. Our leaders have a big role to play to address the gap.
Detailed explanation-2: -The ‘Great Retraining. ‘ A new Cengage Group report found that people who voluntarily left their jobs during the pandemic are heading into emerging fields like tech.
Detailed explanation-3: -Any change in a person’s pay, whether increase or decrease, is a variation of a condition of the contract. It therefore requires the agreement of both employer and employee. In practice, it is rare (though not unknown) for an employee to refuse a pay increase.