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Explain the financial flexibility workforce.
Financial flexibility can be accomplished by performance associated pay systems for illustration when production staff are paid per unit of product, it will assists achieve better cash-flow for the organisation throughout off peak eras. Financial flexibility intends to convert staff cost through fixed to variable, therefore throughout times while the organisation has ‘off peak’ demand, lower productivity implies lower staff cost.
The following are monthly actual and forcasted demand level for may through December for units of product manufactured by N. Month Actual demand Forecast demand May 100 102
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