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What plan of action for redundancy / Retrenchment programs the most effective way in addressing supply forecasting.why ?

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Answer:

Looking at the future surplus of human resources the organisations have to prepare action plan for redeployment, redundancy and retrenchment. These are some of the harsh measures adhere to by the organisations to get rid of excess of human resources. For redeployment of employees, organisations have to plan for training and orientation programmes.

Redeployment takes the form of transfers. In case of estimation of surplus and not deficit for the entire organisation, then trade unions have to be consulted before going for retrenchment and redundancy. Redundancy plan includes provision for compensation, help in getting new jobs, and priority in filling future vacancies for retrenched employees.

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