Top managers at Unifaze Corporation have decided that the company must downsize, but are concerned about the effect the reduction in employment will have on the morale of the remaining employees. One way top management could keep morale from suffering would be to establish an early retirement program.
An early retirement program is a voluntary retirement program where eligible employees retire early. This type of programs benefit both the employer and the employee; the employee gets almost the same retirement benefits as a normal retirement plan and the employer gets to lower costs and reduce labor force.
