Determining which strategy to implement in anticipation of a labour shortage or surplus is critical as they will differ widely in their cost,timeliness,impact on the employees and how easily it would be to reverse.For example,if you were expecting a labour surplus and chose to downsize,it will be _____ to take effect and have a ______ degree of human suffering.Conversely if you were anticipating a labour shortage and you chose to use technological innovation,it will be ______ to take effect and will have a ______ level of revocability.
A)Slow,High,Slow,High
B)Fast,Low,High,Fast
C)Fast,High,Slow,Low
D)Slow,Low,High,Fast

Question

Quizplus · Accepted Answer

The strategy of using technological innovation in anticipation of a labour shortage is a good choice as it will be fast to take effect and easy to reverse if it is no longer needed. However, downsizing in anticipation of a labour surplus is not a good choice as it will be slow to take effect and have a high degree of human suffering for the employees. Therefore, the best choice is option C as it combines the effective strategy of technological innovation for a labour shortage with the more gentle strategy of offering voluntary retirements or reduced hours for employees in anticipation of a labour surplus.

Determining Which Strategy to Implement in Anticipation of a Labour