Question

Marcus and Olivia are HR managers at Tacoma Investments. They are expecting a labor surplus over the next two years resulting in the organization having 24 more employees than required. Typically, two employees leave the organization each month. Which HR strategy should Marcus and Olivia consider, taking into account the length of time they have available

Answer 1

Answer:

Natural attrition

Explanation:

Attrition means a situation whereby employees starts to leave an organization, this can be measured with a criterion known as Attrition rate. Attrition rate helps an organization to determine the numbers of employee leaving an organization either voluntarily or they are laid off.

Attrition can be due to

a. Better job offer outside.

b. Poor working condition.

c. Lack of growth on present work.

d. Problem with work life balance.

Types of Attrition.

Voluntary attrition, Involuntary attrition, and Retirement.