Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assuming the organization has decided to embark on a downsizing strategy, planning is essential. Some key issues include the following: Determining how many people will

Assuming the organization has decided to embark on a downsizing strategy, planning is essential. Some key issues include the following: Determining how many people will lose their jobs. Determining who will be let go. For example, will the decision be made on the basis of seniority, performance, or potential? Determining how the reduction will be carried out. For example, to what extent will the organization use attrition, early retirement or voluntary severance programs, and layoffs or termination? The approaches to workforce reduction vary in terms of the degree of protection to employees and the time it takes to implement them. Determining the legal consequences. For example, organizations often ignore or are unaware of legal requirements when downsizing the workforce. Some areas of law to consider include the law of wrongful dismissal, employment standards legislation, trade union law, existing collective agreement provisions, and human rights legislation. Designing current and future work plans. This issue represents a key challenge for the organization and is frequently neglected. Implementing the decision. Implementation includes elements such as the communication of the termination decision, the timing of the decision, security issues, severance payments, outplacement counselling, and communications with remaining employees. Performing follow-up evaluation and assessment of the downsizing efforts. Although this step is critical, it is often ignored in many organizations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Technology Business Management

Authors: Todd Tucker

1st Edition

0997612746, 978-0997612745

More Books

Students also viewed these General Management questions

Question

Explain all drawbacks of the application procedure.

Answered: 1 week ago