Help me study for my Business class. I’m stuck and don’t understand.
1. Differentiate between the internal labour supply techniques know as replacement charts and succession plans. Explain why the employer may prefer either strategy.
2. Suppose that you are the HR manager at a firm in which a hiring freeze has just been declared. The plan is to downsize through attrition. Define the meaning of attrition. What steps would you take to ensure that you reap the advantages of this strategy, while minimizing the disadvantages?
Please, read the slide carefully and answer 2 questions.