Exam 12: Managing Workforce Flow

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Interacting with recruiters and future coworkers during the hiring process is the ________ phase of the socialization process.

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________ has been found to enhance new hires' loyalty and reduce their turnover..

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What is downsizing and how is it best done? List and describe four ways of choosing who gets targeted during a downsizing.

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Downsizing is the process of permanently reducing the number of a firm's employees so as to improve the efficiency or effectiveness of the firm.Downsizing is a popular way for organizations to attempt to improve their flexibility by reducing their bureaucratic structures,giving employees who have been retained by the firm the power to make decisions more quickly,and improving communication within the firm.A downsizing can also be done,however,in response to a merger or acquisition,revenue or market-share loss,technological and industrial changes,a restructuring,and inaccurate labor-demand forecasting.
If the choice of which employees to downsize is not constrained by a collective bargaining agreement (which usually mandates that union members with the most seniority be retained),there are several ways to choose who to target in a downsizing.Across the board downsizing requires all of a company's units to reduce their headcount by the same percentage.Geographic downsizing targets specific locations for employee reductions,perhaps due to the loss of an important customer.Business-based downsizing targets only certain segments of a business.In addition,downsizing can target specific functions or departments that need to be reduced,or specific positions or jobs that are overstaffed.Performance-based downsizing targets poor performers.When downsizing is seniority-based,the last people hired are the first people let go.If cost cutting is a goal of the downsizing,salary-based downsizing can help a firm reach this goal.This method involves targeting a firm's most highly paid employees.Competency-based downsizing involves retaining employees with the competencies the company expects to need in the future and downsizing employees who lack them.Downsizing can also be done through self-selection,if a firm offers its employees inducements to leave,such as early retirement packages or buyouts.

In order to reduce turnover rates,Sigma Corp.offers middle and high-ranking employees stock options in the company.This is an example of which retention strategy?

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List and describe the six types of turnover.

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Socialization programs help new employees understand the traditions of the company.

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After a wave of retirements,new employees hired to replace the retirees are likely to experience what type of socialization?

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With disjunctive socialization,newcomers are left alone to develop their own interpretations of the organization and situations they observe.

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Socialization programs putting newcomers through a common set of experiences as a group rather than individually are called ________.

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Which of the following,if implemented,would reduce the number of low quality workers in a firm?

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Earlene Gibson,the HR manager of BioMd,a manufacturer of high-end medical diagnostic equipments,is planning to implement a socialization program in the organization.She designs a program in which each stage of socialization is an "elimination tournament," and a new hire is out of the organization if he or she fails.Earlene submits the program draft to the CEO for approval.Which of the following,if true,would be the strongest counterargument for the implementation of this plan?

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When a poor performer leaves,functional turnover has occurred.

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Optimal turnover is the lowest turnover level you can achieve.

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In which of the following cases is asking employees to take a leave without pay a good idea?

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BioMd is a manufacturer of high-end medical diagnostic equipments.The company's revenues and profit margins have come under pressure during the last two years because of decline in product demand.Daisy Howell,the CEO of the company,calls for a senior management meeting to finalize the strategies to be adopted to tackle the dip in profit margins.In the meeting,most managers argue in favor of using downsizing as a means to reducing costs and improving margins.However,Daisy strongly argued for the use of layoffs instead of downsizing.Which of the following,if true,would most strengthen Daisy's argument?

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Companies generally try to minimize turnover that is ________.

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Stock options that vest in the future create a mobility barrier for the employee receiving them.

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Firms that do not have proper documentation to fire an employee but want to end the employment relationship,and at the same time reduce the possibility of a lawsuit,offer the employee a(n)________.

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Having terminated employees sign a severance agreement that includes a release stating that the departing employee gives up some or all rights to sue reduces the risk of future litigation.

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Which of the following are generally well received by employees?

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