HR Generalist Question:
Explain me what Do You Mean By An Organization’s Retrenchment And Retrenchment Strategies?
Answer:
Retrenchment is a corporate-level strategy that seeks to reduce the size or diversity of an organization's operations. Retrenchment is also a reduction of expenditures in order to become financially stable. Retrenchment is a pullback or a withdrawal from offering some current products or serving some markets. Retrenchment is often a strategy employed prior to or as part of a Turnaround strategy.
| Previous Question | Next Question |
| Tell us what is your experience in employee safety and welfare matters? | Tell us what Are The Benefits Of Progressive Discipline? |