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What is the purpose of a Voluntary Retirement Scheme (VRS)?
  • a)
    To legally enforce the retirement of older employees.
  • b)
    To encourage employees to retire voluntarily and reduce manpower.
  • c)
    To promote employees to higher positions.
  • d)
    To provide financial incentives for employees to stay longer.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of a Voluntary Retirement Scheme (VRS)?a)To legall...
A Voluntary Retirement Scheme (VRS) is designed to incentivize employees to retire voluntarily, thereby reducing the organization's manpower without legal enforcement.
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What is the purpose of a Voluntary Retirement Scheme (VRS)?a)To legally enforce the retirement of older employees.b)To encourage employees to retire voluntarily and reduce manpower.c)To promote employees to higher positions.d)To provide financial incentives for employees to stay longer.Correct answer is option 'B'. Can you explain this answer?
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