Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.
<h3>What is Phased retirement ?</h3>
- A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.
- Employers may be able to better manage or even lower payroll costs during the transition by utilizing phased retirement.
- This plan enables the retiree to work less hours, often switching from full to part-time, and uses less payroll funds.
- It is completely optional and requires the agreement of both the employee and the hiring organization.
- An employee must have worked three years straight at a full-time job in order to be eligible to participate.
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Answer:
Pure project
Explanation:
A pure project management structure is one in which a team works full time on a project and the project manager of such project has full control of the project with very little control/interference from the top management levels.
This lesser interference from top management levels the more control and flexibility of the project managers towards accomplishing the project.
Cheers.
Answer:
Option A, “the substitution effect dominates the income effect” is correct.
Explanation:
If the real wage increases then the opportunity cost for leisure will also increase. Therefore, an increase in real wages and a rise in the opportunity cost of leisure induce labor to supply more workforce or labor force. This is known as the substitution effect. Moreover, when this substitution effect is greater than the income effect then the supply curve for labor is upward sloping.
Answer and Explanation:
- Consumer as well as government overall expenditure seems to be a significant determinant of economic growth during a market. Unless the overall spending increases, the demand changes positively.
- Hence, just before the total individual and corporate expenditure in something like a firm increases, it demonstrates that perhaps the country's affairs cycle is going to expand, and then when total expenditure drops significantly, it illustrates that the financial sector's business period is going via compression.
So that it is the right answer.
