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Question
which of the following is generally used by companies with fewer than 50 employees?
○ off shoring
○ downsizing
○ outsourcing and employee leasing
○ leadership development
Brief Explanations
- Offshoring involves relocating business processes to other countries, which is more common in larger companies with resources for such expansions.
- Downsizing is reducing the workforce, typically done by larger companies facing cost - cutting or restructuring, not small firms with <50 employees.
- Outsourcing (getting external services) and employee leasing (hiring employees through a leasing company) are cost - effective and flexible options for small companies (with <50 employees) as they can access skills/ services without maintaining a large in - house team.
- Leadership development programs are more relevant for companies with a larger hierarchy or long - term growth plans, and small companies with <50 employees usually focus on basic operations rather than formal leadership development.
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C. Outsourcing and employee leasing