Asked by
rosni tamang
on Oct 30, 2024
Verified
Which of the following best describes a phased-retirement program?
A) It refers to laying off older employees in small batches.
B) It refers to giving lucrative incentives to a large number of older employees to voluntarily retire.
C) It refers to reducing both the number of hours older employees work as well as the cost of these employees.
D) It refers to giving older employees a certain time limit to voluntarily retire.
E) It refers to offering alternative work locations and work responsibilities to older employees.
Phased-Retirement Program
A type of retirement plan that allows employees to gradually reduce their working hours as they transition to full retirement, often while retaining some benefits.
- Acquire knowledge on the strategies for dealing with labor surplus and deficits.
- Acknowledge the significance of equitable labor practices on organizational reputation and employee satisfaction.
Verified Answer
ES
Learning Objectives
- Acquire knowledge on the strategies for dealing with labor surplus and deficits.
- Acknowledge the significance of equitable labor practices on organizational reputation and employee satisfaction.