Question

Hope College is planning for the next biennium. School administrators know that the enrollment is on the decline, but still need to offer students the best experience possible. They want to shrink their payroll slowly. They can accomplish this through:_______.A. temporary employees.B. pay reduction.C. downsizing.D. demotions.E. early retirement.

Answer 1

Answer: Early Retirement.

Step-by-step explanation:

From the question in order for Hope college to give their students the best possible experience at school, they need to employ staff on a short term basis to avoid cost of paying long term staff very high salaries. This short term employment of staff would help the college save cost as the income the school receives is on the decline.