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Exit Policy

Exit policy refers to policies regarding laying off surplus employees from restructuring or closing industrial units. There is a need for exit policies because some companies employ surplus workers who do not meaningfully contribute to production, and in India's previously protected economy, companies could pass the costs of surplus employees to consumers through high prices. Exit policies aim to address how to reduce excess staffing when units downsize or shut down.

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Jigisha Mugdal
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263 views

Exit Policy

Exit policy refers to policies regarding laying off surplus employees from restructuring or closing industrial units. There is a need for exit policies because some companies employ surplus workers who do not meaningfully contribute to production, and in India's previously protected economy, companies could pass the costs of surplus employees to consumers through high prices. Exit policies aim to address how to reduce excess staffing when units downsize or shut down.

Uploaded by

Jigisha Mugdal
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Exit Policy Exit policy refers to the policy regarding theretrenchment of surplus manpower resultingfrom restructuring of industrial units

s or theworkers becoming unemployed by the closureof sick units. need for exit policy Surplus Manpower :-There is disguisedunemployment if some labor employed in anenterprise can be withdraw without adverselyaffecting the production . In sellers market which existed in India underthe protected economic system the costs of surplus manpower employed by thecompanies could be passed on to theconsumers by way of high prices.

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