"When the winds of change blow, some people build walls and others build windmills" .
You cannot open a paper or visit an online Website these days without seeing notice after notice of corporate layoffs.
Downsizing, which constitutes the planned elimination of positions or jobs, has had and will continue to have profound effects on organizations, managers at all levels, employees, labor markets, customers, and shareholders. These are just the direct effects. They do not include the effects on families and communities.
Unfortunately, when an organization is confronted with the need to reduce costs, many of the executives who saw their employees as their "greatest assets- see those assets as ripe opportunities for cutting costs. (Gowing, Kraft, Quick, 1998).
With ever-growing frequency, companies today find themselves forced to re-engineer and resize their operations in order to meet competitive challenges. Yet all too often, the results in practice fall short of the promises on paper, in part because the impact of such changes on the remaining workforce is seriously underestimated.
A lot of organizations invest their efforts in helping the downsized employees to move on. This is ethical, reasonable, and positive. Plus, your survivors are watching! To truly benefit from the layoffs and downsizing you experienced, however, you need to invest even more energy in the people who remain behind after downsizing and layoffs. You will aid recovery; fuel productivity; boost morale, despite the loss; and minimize the damage to workplace trust. .
(Heathfield).
The theories which will be used in this essay are:.
the Organizational Change theory, and .
the Human Capital theory.
The Problem Definition which I will try to answer is:.
Which factors should an organization take into account with respect to its employees when it chooses to downsize?.
Theories.
Human capital theory.
Human capital refers to the productive capabilities of individuals - that is, the knowledge, skills, and experience that have economic value (Noe, Hollenbeck, Gerhart, Wright, 2003).
AT&T may face lost revenues or increased costs due to its downsizing. ... "Sometimes downsizing is a management tool. ... We won't mention the other costs of downsizing. ... Most companies just announce downsizing, they never tell you why they are downsizing. ... Downsizing should be planned carefully. ...
Overview of Corporate DownsOverview of Corporate Downsizing Corporate downsizing has been the forerunner to the loss of millions of jobs. ... Alternatives to Downsizing When organizations are faced with the issue of cutting costs, many first reactions are to cut labor, which usually results in downsizing. ... Companies may decide to outsource some of its work if the company feels that another company can perform the work better or if the other company can perform the work at a lower cost. ... By retraining its current employees, there is a greater chance for job enrichment and satisfac...
Sin and its Effects on Dimmesdale and Hester Imagine going through your life carrying only a deep, dark secret with you. In the novel The Scarlet Letter, Nathaniel Hawthorne brings you into the live of four diverse characters that go through the ups and downs with keeping a huge sin within them. ... Dimmesdale, later turning out to be the father of Pearl, the product of Hester's sin, is now starting to feel the aspects and effects of the sin that he has committed. ...
While most kids her age were dealing with the magnetic personality of Paul McCartney, Dolores was fighting with the effects of divorce, rape, and mental illness. ... The most important aspect of Dolores is that she is totally human - her life has had its ups and downs. ...
It is necessary for the people of this country to realize that what has happened in the past effects how we live today. ... People can say that they love their country, but those who know its history, know why they love their country. ... Understanding American History makes a person know what happened in the past effects how we live today, we take advantage of what has happened in the past, and we must realize how privileged we are to live with what we have. ... In its existence, America has had its ups and downs. ... I have a brief understanding of the history of America, but I am alwa...
Five years after creating LSD-25 Hofmann ingested a small amount, unaware of it's psychotropic effects, and opened up a new world. ... The effects of LSD vary depending on the concentration of the substance. LSD causes its effects by disrupting the interaction of nerve cells and the neurotransmitter serotonin. ... Though "trips- usually consist of both "ups- and "downs-, each individual trip is unique in the fact that it cannot be predicted. ... Long-term side effects have been reported, though not positively linked to LSD use. ...
One example is world war II, which started in the middle of Europe- -considered then the most civilized part of the world- because of Germany's belief in its national superiority. ... Besides its economic ups and downs globalization has a tremendous effect on cultural values. ... Every nation every country has its own traditions values practices of cultural activities. ... By the beginning 20th century with the effects of industrialization and common usage of communication devices and transpotation becoming faster and more comfortable economy started to play the most important role in a s...
For example, both the letter and the recorded history shares a similar good called textile that was largely produced during the early 1800's, but the recorded history only talked about the development of the technology and the product and never spoke about the people, where as the letter gives a detailed description of the effects people had while working in the factories. ... Personalized detail effects what happens to one person for working for long hours in a factory. ... This message is that the capital system has its ups and downs. For example, the ups are people working and earnin...
As a part of this distinct clinical syndrome there are significant risk factors associated with cardiovascular decreases, lipid metabolism slow downs, bone density loss, dehydration, impaired physical performance, insomnia and poor sleep patterns, skin thinning, reduced healing, chronic lung disorders, decreased thymus gland function, vital organ shrinkage, and even depression. ... The new synthetic growth hormone (GH) has shown not to increase risk for CJD but has continued to be investigated for its potential to increase many forms of cancer despite its fad-like increasing popularity. ...
