Professional Documents
Culture Documents
DOWNSIZING
QUESTIONS
1. 2. 3. 4. What is down sizing? What are the reasons for downsizing? What are the strategies for down sizing What are the after effects of downsizing on company and on employees? 5. How can down sizing be made more effective? 6. How to tackle the evil effects of downsizing?
Many organizations encouraged employees to voice their ideas, concerns or suggestions regarding the downsizing process. According to them , employee inputs contributed considerably to the success of their downsizing activities as they frequently gave valuable ideas regarding the restructuring, increase in production, and assistance required by employees during downsizing Advance planning for downsizing also contribute to the success of a downsizing exercise.
Introducing the concept of contigent employment Hired directly by company or through external agency on contract basis. No retirement or health benefits payment Not covered under employee handbook