Discuss the below:
Q: As we have seen in recent years, organizations are sometimes faced with a pressing need to reduce costs to remain viable. Think about your organization, or an organization you are familiar with. If there was a need to reduce operating costs, what options are available? Considering all that we have studied in the course to date, what do you see as the best options for an organization to reduce total compensation costs? Provide some context for your recommendations and discuss their prioritization.