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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 are the causes of retrenchment?
Retrenchment is the act of cutting down or reduction, particularly in the area of public expenditure, money availability would cause the need to retrench.Some of the causes of retrenchment are:Technology:New technologies can cause the need for company reorganization. For instance, if there is a new machine that digs a ditch, you would hire a person to run the machine, but let go the ten man shovel crew.Economics:A company might need to reduce costs, or simply wish to increase profits. Sometimes retrenchment is needed for a company's economic survival.Structural:The restructuring of a company can sometimes make a position redundant. To increase efficiency, some people may be offered other positions. If they do not wish to take the new position, they could be retrenched.
The cornerstone of Republican domestic policy was?
retrenchment
What was the cornerstone of the Republican domestic policy?
retrenchment.
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?
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 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 a retrenchment?
Retrenchment refers to the process of reducing costs or expenditures, often in response to financial difficulties or economic downturns. This can involve cutting back on workforce, scaling down operations, or eliminating certain services or departments. Organizations may implement retrenchment strategies to enhance efficiency and improve profitability. It is a strategic decision aimed at ensuring long-term sustainability in challenging economic conditions.
