Class Today

We started out talking about strategies companies can use to address a shortage or surplus of labor. It is hard to imagine the economy being in a labor shortage. Right now there are SO many people looking for work that it is hard to imagine the reverse. Also, there are many methods that companies can use to address the labor surplus but they can have negative affects. Overtime can be good but after time employees get majorly burnout. Downsizing and demotion cause negative morale and employees loose loyalty to the company. A company needs to take action, but needs to be aware how it will affect the employees, and therefore, the company.