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Managing Employee Separations, Downsizing, and Outplacement

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Layoffs. Downsizing or Rightsizing. Voluntary Separations ... Developing Layoff Criteria. Communicating with Laid-Off Employees. Coordinating Media Relations ... – PowerPoint PPT presentation

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Title: Managing Employee Separations, Downsizing, and Outplacement


1
Chapter 6
  • Managing Employee Separations, Downsizing, and
    Outplacement

2
Employee Separation
  • The termination of an employees membership in an
    organization.

3
Turnover Rate
  • The rate of employee separations in an
    organization.

4
Employee Separation Costs
  • Recruitment
  • Selection
  • Training
  • Separation
  • Exit interview
  • Outplacement assistance
  • Estimated costs of replacing IT at Fortune 500
    Co. 100,000

5
Antecedents of Turnover
  • Self-Worth
  • Job design
  • Outside stakeholders (family)
  • Embeddedness
  • Where do you think compensation falls on the
    list?
  • What else?

6
Strategies to Reduce Turnover
  • What do you think?

7
Employee Separation Benefits
  • Reduced Labor Costs
  • Replacement of Poor Performers
  • Increased Innovation
  • Opportunity for Greater Diversity

8
Involuntary Separations
  • A separation that occurs when an employer decides
    to terminate its relationship with an employee
    due to economic necessity or a poor fit between
    the employee and the organization.
  • Discharges
  • Layoffs
  • Downsizing or Rightsizing

9
Voluntary Separations
  • A separation that occurs when an employee
    decides, for personal or professional reasons, to
    end the relationship with the employer.
  • Quits
  • Retirements

10
Retirement at 65 is ridiculous. When I was 65 I
still had pimples.
  • George Burns

11
Managing Early Retirements
  • Early retirement packages
  • Avoiding problems

12
Managing Layoffs
  • Considering Alternatives
  • Implementing the layoff
  • Notifying Employees
  • Developing Layoff Criteria
  • Communicating with Laid-Off Employees
  • Coordinating Media Relations
  • Maintaining Security
  • Reassuring Survivors
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