Solenz Inc

Multiple Choice

Solenz Inc.is a relatively new company that employs 23 workers.The company is facing a labor surplus problem with approximately 3 more employees than it needs.Which of the following is the best strategy to deal with this labor surplus?

A) The company must use an early retirement strategy because it helps old employees retire sooner, thereby solving the labor surplus issue.
B) The company must focus on natural attrition whereby employees leave the company on their own, as this will reduce the burden of firing surplus employees.
C) The company must freeze their hiring practices, which will result in balancing the number of employees and the demand for work over a period of time.
D) The company must implement pay reductions as this will help the company get rid of less motivated employees.
E) The company must implement work sharing, which will take up the time of extra workers and help complete projects faster.