Massive layoffs to reserve cash to keep restaurant afloat

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Reference no: EM133642444

Question

Elton is the CEO of Steaks R' Us, a chain of quick service restaurants. During the recession, he approved massive layoffs to help reserve cash to keep the restaurant afloat. This meant that frontline workers were forced to work double shifts and manage chaotic environments with less support. They did not receive any kind of bonuses or hazard pay for their extra work. This left many of his employees feeling overwhelmed and taken for granted. When the company's annual report was released, they learned that Elton had not only been awarded a merit increase, but he also received a yearly bonus that bumped his total compensation up to $5M, more than 200x the average frontline workers' pay. What human resources (HR) challenge does Elton's situation present? Managing outsourcing Managing the wage gap Managing work-life balance Managing lawsuits.

Reference no: EM133642444

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