During the COVID$-19$ Pandemic of $2020,$ E$-$Tronics began weighing options for controlling or cutting costs due to lower revenue and profitability. Senior leadership has requested HR to conduct an analysis and come back with the best way to manage their human capital costs. HR leaders know that from the most recent engagement survey, $7\%$ of the workforce indicated they are ready to retire in the next $13$ years. Given this information, what is the best option to pursue?

Forced ranking; this intense process evaluates employees peer$-$to$-$peer and will highlight objectively which employees are ranked at the very bottom and should be let go$.$

Temporary Workers; the move to temporary workers will decrease overall costs and allow the company to let go of workers immediately without the burden of legal process.

Job Sharing; this allows two people to share one role, creates greater efficiencies across the department, and reduces cost.

Early Retirement; this provides a convenient and satisfactory way for meeting expectations of a reduction in force $($RIF$).$