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Management Studies

Explain the financial flexibility workforce.

Financial flexibility can be accomplished by performance associated pay systems for illustration when production staff are paid per unit of product, it will assists achieve better cash-flow for the organisation throughout off peak eras. Financial flexibility intends to convert staff cost through fixed to variable, therefore throughout times while the organisation has ‘off peak’ demand, lower productivity implies lower staff cost.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9579031

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