ERIPs have posed problems for some employers-such as the University of Waterloo,which saw more than 300 faculty and staff leave. What are HR departments doing to combat the problems?
A)seeking volunteers for ERIP programs
B)planning for functional turnover
C)implementing phased retirement options
D)increasing pension values over time

Question

ERIPs have posed problems for some employers-such as the University of Waterloo,which saw more than 300 faculty and staff leave. What are HR departments doing to combat the problems?
A)seeking volunteers for ERIP programs  
B)planning for functional turnover  
C)implementing phased retirement options  
D)increasing pension values over time

Quizplus · Accepted Answer

Implementing phased retirement options allows employees to gradually transition into retirement and can mitigate some of the negative effects of ERIPs, such as a sudden loss of experienced employees. Seeking volunteers for ERIP programs and planning for functional turnover are also potential strategies, but they may not be as effective in retaining valuable employees as phased retirement options. Increasing pension values over time may help attract and retain employees, but it does not directly address the problems posed by ERIPs.

ERIPs Have Posed Problems for Some Employers-Such as the University