What is retrenchment? How can retrenchment help in staffing?

Question

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Answer

Retrenchment of employees is the process of removing them from the organization in case if they are surplus or to cut down organizational costs.
Although few staff members might be retrenched, they can serve a good resource for the organization in the future.
Since they had worked with the organization that retrenched them they know the business policy, terms, work environment and business needs and expectations quite well.
Hence, if organization invites such former employees then it would be easier for the organization for absorbing them faster in the business processes.

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