GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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redundancy-voluntary
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redundancy-involuntary
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retrenchment
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resignation
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Detailed explanation-1: -Retrenchment is one of the ways companies use to terminate employees when the company is forced to downsize its number of employees. Subsidiary companies of Multinational Corporations often resort to retrenchment in labour law to deal with their expenditure on human resources.
Detailed explanation-2: -to remove a worker from his or her job as a way of reducing costs: The government is to retrench 30, 000 public servants in the next three years. An employee you retrenched may be able to bring an unfair dismissal claim.
Detailed explanation-3: -A retrenchment is the process by which an employer dismisses employees based on the operational requirements of the business. The onus of proving that the retrenchments were done correctly and fairly lies with the employer.
Detailed explanation-4: -An example of a retrenchment strategy would be: Selling assets abandoning markets decreasing production outsourcing downsizing.