The process of reducing the number of employed people in a firm is classified as?
Correct answer: B. downsizing
- A. layoffs
- B. downsizing
- C. mergers
- D. acquisitions
Explanation
Downsizing is the deliberate reduction of an organization's workforce, often as part of restructuring or cost reduction. Layoffs are one possible method of reducing staff, but the broader process is downsizing.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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