El eram inc. is automating processes so the company can meet its demand with a smaller workforce. the ceo asks monica, the vice president of human resources, for advice on how to address the resulting labor surplus. monica studies the workforce and observes that many employees are in their 50s and 60s. furthermore, these employees are the highest-paid workers in every job category. based on this information, what should monica suggest as the most effective way of addressing el eram's labor surplus?
a. retrain the older employees in order to make them to work more productively.
b. offer early-retirement incentives to the employees in their 50s and 60s
c. replace the employees with contract workers.
d. provide performance-based pay to increase production output by the employees.
e. the workforce should be downsized, with layoffs focusing on the older employees.