Additional Case 6.2
Terra Alta employs nearly 15,000 workers worldwide. The firm wants to reduce its workforce through an early retirement program. The firm has hired you to organize and implement the program.
Employees over age 58 are eligible, but managers don't want to lose key older employees. Program eligibility should be limited to a short period of time. Terra Alta managers need a fairly accurate estimate of how many employees will participate in the program.
Terra Alta expects a legal and humane program that avoids litigation issues. Employees should have an accurate picture of their future if they decide to accept early retirement.
-Refer to Additional Case 6.2.How could Terra Alta best manage the number of participants in the early retirement program?
A) Guarantee jobs to key employees and implement job redesign.
B) Survey senior employees and fine tune incentive packages.
C) Hire retirees as part-time consultants with stock options.
D) Develop an estimate based on industry data.

Question

Additional Case 6.2
Terra Alta employs nearly 15,000 workers worldwide. The firm wants to reduce its workforce through an early retirement program. The firm has hired you to organize and implement the program. 
Employees over age 58 are eligible, but managers don't want to lose key older employees. Program eligibility should be limited to a short period of time. Terra Alta managers need a fairly accurate estimate of how many employees will participate in the program.
Terra Alta expects a legal and humane program that avoids litigation issues. Employees should have an accurate picture of their future if they decide to accept early retirement.
-Refer to Additional Case 6.2.How could Terra Alta best manage the number of participants in the early retirement program?
A) Guarantee jobs to key employees and implement job redesign.
B) Survey senior employees and fine tune incentive packages.
C) Hire retirees as part-time consultants with stock options.
D) Develop an estimate based on industry data.

Quizplus · Accepted Answer

Surveying senior employees and fine tuning incentive packages can help Terra Alta best manage the number of participants in the early retirement program. This approach can help identify the employees who are most willing to retire and can help offer attractive packages to incentivize them to retire early. It can also help managers retain key older employees who are important to the success of the company. Additionally, surveying employees can help the company get an accurate estimate of how many employees will participate in the program, which is important for planning purposes.

Additional Case 6.2 Terra Alta Employs Nearly 15,000 Workers Worldwide. the Firm Wants