BUS 40.3 Chapter 6 - Copy

BUS 40.3 Chapter 6 - Copy - l Increase stress among...

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Click to edit Master subtitle style Employee Separations
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Objectives l Present the different types of employee separations l Discuss the costs and benefits of employee separations l Examine research evidence regarding the costs and benefits of downsizings l Compare and contrast the concepts of layoffs, downsizing, and rightsizing l Compare and contrast alternatives to layoffs l Examine how to implement layoffs
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Types of Employee Separation l Voluntary separations l Quit l Retirement l Involuntary separations l Discharges l Layoffs l (Textbook pp. 187-190)
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Benefits of Downsizing: Research Evidence l Reduce staffing costs l Increase productivity l Increase slightly stock price in the short run l Increase significantly stock price when associated with major changes in strategy and structure
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Costs of Downsizing: Research Evidence l Hurt labor market reputation. As a result, it may be more difficult for the firm to attract and retain workers. l Increase turnover l Disrupt significantly work systems
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Unformatted text preview: l Increase stress among survivors l Low employee morale l Social costs (Economic impact on the local community) Managing Layoffs l Alternatives to layoffs l How to implement a layoff Alternatives to Layoffs l Employment policies l Pay and benefits policies l Changes in job design l (Textbook pp. 190-199) How to Implement a Layoff l Notification l Layoff criteria l Communication to laid-off employees l Media relations l Security issues l Employee morale issues l (Textbook 192-199) Key Terms l Employee separation l Turnover rate l Exit interview l Outplacement l Voluntary separation l Quits l Retirements l Involuntary separations l Discharges l Layoffs Key Terms l Downsizing l Rightsizing l Early retirements l Attrition l Hiring freeze l Transfers l Job sharing l Pay freeze l Profit sharing l Worker Adjustment and Retraining Notification (WARN)...
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This note was uploaded on 08/01/2010 for the course BUS 5865 taught by Professor Smith during the Spring '10 term at CUNY Baruch.

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BUS 40.3 Chapter 6 - Copy - l Increase stress among...

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