Ten Tips For Downsizing with Grace in Difficult Economic Times

November 26th, 2008 Gireesh Sharma

Difficult economic times call for tough calls, and, downsizing is one of the toughest calls that leadership and HR have to take. Though downsizing is the most hated task and nobody wants to do it; it is a necessary evil for saving a company from an economic collapse.

With little efforts organizations can minimize the effect of downsizing on economy and employees to a some extent.  Here are 10 tips that one can consider while downsizing:

1. Do a manpower analysis before you Downsize!

Think twice, do you really need to vacate those seats and happy faces. Do not make subjective decisions!

Work and re-work on your manpower requirements - for today and for tomorrow. A good manpower planning software can assist you and your mangers to accurately assess your manpower requirements. Read the rest of this entry »

Posted in HR Best Practices, HR Technology, Performance Management | 7 Comments »