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Retrenchment policy refers to a strategic approach employed by organizations to reduce costs and improve efficiency, often through workforce reduction, downsizing, or streamlining operations. This policy may be implemented during economic downturns, financial crises, or when a company aims to refocus its core activities. While it can help stabilize an organization financially, retrenchment can also lead to decreased employee morale and potential negative public perception. Effective communication and support for affected employees are crucial for minimizing adverse impacts.
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What is retrenchment compensation?
Retrenchment means lay off of employees from the company on account of many reasons like, company going in debt or company's need to cut down the payroll, etc. The compensation given at that time to the employees for firing of them without any notice is called retrenchment compensation.
Difficult employees conversations?
Difficult conversations with employees can involve broaching awkward topics around them. These could include explaining reasons for retrenchment or settling disputes.
Under what circumstances would a business adopt a retrenchment strategy?
by cebo & bongi. when the businss is running a loss. or the business is developin. when it wnt people with more skill. and more qualification.
How do you find out if policy is still open?
policy no. 508220 is my policy still in effect
What is the optimum credit policy?
The Optimum Credit Policy is a policy that is applied if you have a near perfect credit rating. Most people strive for an Optimum Credit Policy.
What was the cornerstone of the Republican domestic policy?
retrenchment.
The cornerstone of Republican domestic policy was?
retrenchment
What is retrenchment?
Retrenchment is the process of reducing costs, usually by cutting back on expenses, staff, or services. It is often done as a strategy to improve a company's financial situation or to streamline operations in response to economic challenges. Retrenchment decisions can have significant impacts on employees, shareholders, and other stakeholders.
What is retrenchment and advantages?
Retrenchment refers to sudden firing of employees du to change in organisational strategy or bjective
What is meant by retrenchment?
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What is meaning of retrenchment?
A retrenchment strategy is a type of strategy a corporation uses to scale back its operations. The company can use this to limit the diversity of their operations or just the size of their processes in general.
What is retrenchment compensation?
Retrenchment means lay off of employees from the company on account of many reasons like, company going in debt or company's need to cut down the payroll, etc. The compensation given at that time to the employees for firing of them without any notice is called retrenchment compensation.
Market Retrenchment - changing from export market to domestic market?
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What are synonyms for cutback?
reduction, cut, retrenchment, economy, decrease, lessening
What are advantage and disadvantage of a firm using retrenchment growth strategy?
The advantage is that the wage bill is reduced, the disadvantage of the retrenchment growth strategy is that a firm may loses employee without reaching their full potential.
What is conservative retrenchment?
Conservative retrenchment refers to a political strategy or ideology that seeks to limit government involvement in society and the economy, prioritizing individual responsibility and free market principles. It often involves cutting government spending, reducing regulations, and advocating for traditional values.
Different types of business strategies in strategic management?
stability expansion growth retrenchment etc
