27 Analyse two ways a business may reduce the size of workforce. [6]

[Sir Afzal Shad]

Q 27 Analyse two ways a business may reduce the size of workforce. [6]

Possible Structure:
[KN] Give chance to upgrade her/his knowledge (reaction time) according to the updated methods (from batch production to flow production methods)
[AN]
[AN+]

[KN] Increase the performance benchmark gradually in order to retain efficient employees & lay off the rest.
[AN]
[AN+]

[ayyan ali]

[kn] b creating internship programs
[an] allow business toidentify and train future employee and if they perform good and have potential they might get full time employment
[an+] there will be less risk of employee turnover bcz there will be spare employee for the future and also reduce the cost of choosing the employee

[kn]by giving better salary yen other businesses
[an] ths b this skilled emploee will be there and chances that business expand faster then others businesses and can come up with new ideas
[an+]

[Syed Raza]

[KN] Give chance to upgrade her/his knowledge (reaction time) according to the updated methods (from batch production to flow production methods)
[AN] By upgrading their knowledge and reaction time, employees can adapt more quickly to new methods and processes, leading to increased productivity and efficiency.
[AN+] Employees feel valued and empowered when given opportunities for continuous learning and development, leading to higher job satisfaction and engagement.

[KN] Increase the performance benchmark gradually in order to retain efficient employees & lay off the rest.
[AN] By raising the performance bar, companies can encourage employees to push their limits and improve their overall performance.
[AN+] This can lead to increased productivity and efficiency across the organization.

[Huma Junaid]

[KN] Give chance to upgrade her/his knowledge (reaction time) according to the updated methods (from batch production to flow production methods)
[AN] motivated employees as less conflicts since there now may be efficient production and less workers to slow down the process and workers will upgrade them selves
[AN+] lesser wastage and cost of production

[KN] Increase the performance benchmark gradually in order to retain efficient employees & lay off the rest.
[AN] efficient employees may get fringe benefits
[AN+] getting a motive to look forward to

[Farzan Siddiqui]

[KN] Give chance to upgrade her/his knowledge (reaction time) according to the updated methods (from batch production to flow production methods).
[AN] This would help the employees to adapt more quickly to new methods and processes.
[AN+] This leads towards to increased productivity and efficiency.

[KN] Increase the performance benchmark gradually in order to retain efficient employees & lay off the rest.
[AN] This would help to make the business to encourage employees to improve their overall performance.
[AN+] This leads towards the growth of the business.

[khuram khan]

[KN] Layoffs
{AN} Layoffs involve the termination of employees' contracts due to various reasons such as restructuring, downsizing, or financial constraints. This can lead to immediate cost savings as the company reduces labor expenses.
{AN+} Morale among remaining employees may decline due to fear, uncertainty, and potential increased workloads. The loss of experienced personnel might also result in a temporary or long-term decline in productivity, especially if critical skills and knowledge are lost.

{KN} Voluntary Retirement Programs
{AN} Some businesses offer voluntary retirement programs as a way to encourage older employees to leave the workforce willingly. This is often associated with early retirement incentives or packages.
{AN+} While voluntary retirement programs can be a less disruptive way to reduce the workforce, they may lead to a loss of institutional knowledge and experience. Depending on the uptake, the business may need to carefully plan for knowledge transfer and succession to prevent gaps in expertise.

[Hussain Asghar]

[KN] Give chance to upgrade her/his knowledge (reaction time) according to the updated methods (from batch production to flow production methods)
[AN] more coordination as there is less employee they will work in friendly envoirment and help each other
[AN+] this will motivate them to do better for the business as a team

[KN] Increase the performance benchmark gradually in order to retain efficient employees & lay off the rest.
[AN] to give the employee maximum benefit as they know the better they will do the they will get in return
[AN+] so this will motivate them which will increase their efficiency in the business

[Hadia Zia]

[KN] Increase the performance benchmark gradually in order to retain efficient employees & lay off the rest.
[AN] Thus the business will be easily able to tackle with such issue as employees will know if fired, that they did not fully satisfied the set benchmark.
[AN+] Thus employees will be encouraged to work hard hence increasing total productivity.

[KN] layoffs.
[AN] This will save costs as expenses related to salaries, wages etc will be reduced hence fear among other employees may increase of getting removed and so they may work with more effort.
[AN+] Thus increased efficiency will foster business growth in a sustainable way.

[Ibrahim Aamir]

[KN] Give chance to upgrade her/his knowledge (reaction time) according to the updated methods (from batch production to flow production methods)
[AN] This would lead to higher productivity and efficiency as they would be well-known to modern machinery
[AN+] This would give them an edge over their competitors

[KN] Increase the performance benchmark gradually in order to retain efficient employees & lay off the rest.
[AN] Due to this the cost of production would decrease but productivity would rise as only efficient workers are working
[AN+] Due to this the business would be able to maximize it's profit

[Salman Khalid]

[KN] Voluntary Redundancy Packages
[AN]This approach allows employees to choose to leave, reducing the need for forced layoffs which worsens brand image
[AN+] however this may lead to loss of talent for the business

[KN] Early Retirement Offers
[AN]This approach encourages older employees to retire earlier than planned, creating opportunities for cost savings.
[AN+] however this may result in loss of experienced workers

[Mahnoor Nadeem]

[KN] Give chance to upgrade her/his knowledge (reaction time) according to the updated methods (from batch production to flow production methods)
[AN] If the workforce is not able to adjust with the technological advancements the business may consider to reduce the workforce
[AN+] Allowing new advanced candidates to enter the business with creative ideas

[KN] Increase the performance benchmark gradually in order to retain efficient employees & lay off the rest.
[AN] Give fringe benefits to efficient employees and lay off rest
[AN+] Increasing the total productivity of employee and increasing output