Article: Strategies for successful organizational downsizing

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Strategies for successful organizational downsizing

While the pain of downsizing cant be avoided entirely, it can definitely be mitigated. So, how can companies soften their blow while ensuring support and protection to employees and safeguarding their own brands?
Strategies for successful organizational downsizing
Downsizing is an intentional activity. With dramatic shifts in the business ecosystem, companies are at times compelled to undertake it due to reasons related to cost pressures, restructuring, increasing productivity, tech advancements, mergers or acquisitions, outsourcing or simply, underperforming business. The reasons can be many, however, the need for organizations to carefully assess all their options and consider the feasibility of such a decision at all fronts is paramount. While the pain of downsizing can’t be avoided entirely, it can definitely be mitigated. So, how can companies soften their blow while ensuring support and protection to employees and safeguarding their own brands? Legal provisions Most laws have been designed to ensure that employers deal with employees in a reasonable way. It is an undeniable fact that employees play a significant role in providing competitive edge to organizations. However, with rapidly chang- ing business environment and con...
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Topics: Strategic HR, Talent Management

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