Definition In a business enterprise, downsizing is reducing the number of employees on the operating payroll. Some users distinguish downsizing from a layoff, with downsizing intended to be a permanent downscaling and a layoff intended to be a temporary downscaling in which employees may later be rehired.
Whether it is called downsizing, rightsizing, delayering, reduction in force, redundancy elimination, or any of a host of other terms, the expectation of lifelong employment with one employer has now become the exception rather than the rule. Both in the government and the private sector, the loss of that sense of security--combined with the familiar scenario in which the number of employees is reduced but the amount of work remains unchanged--can have devastating effects on the remaining employees, otherwise known as the "survivors." .
Providing improved service with fewer workers is the hallmark of a successful downsizing. The basic GOAL for a successful downsizing is "work better and cost less". To help achieve this goal, it is important to review and learn from the experiences of organizations that have downsized--and recognize that downsizing does not always achieve the intended results. .
The fundamental reasons for downsizing in the government, and also among state and local governments, are different from those cited by organizations in the private sector. Private sector entities must reduce costs to remain competitive in an increasingly global economy and to maximize the returns of their shareholders. Public sector downsizing are primarily driven by budget reductions and technology improvements that allow fewer workers to do the same amount of work. Despite these different motivations for downsizing, the reactions and needs of the workers are the same across both public and private sectors. For this reason, much can be learned from the experiences of private--and public--organizations that have downsized in recent years.
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Downsizing means more than passing out pink slips. ... "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. ...
DOWNSIZING INTRODUCTION Definition In a business enterprise, downsizing is reducing the number of employees on the operating payroll. ... The basic GOAL for a successful downsizing is "work better and cost less". ... Effect of downsizing on employee morale Organizations have seen the negative affects of downsizing. ... Downsizing can threaten employees" sense of well being in several ways. ... Communicating with employees during downsizing is vital. ...
Overview of Corporate DownsOverview of Corporate Downsizing Corporate downsizing has been the forerunner to the loss of millions of jobs. ... The reasons mentioned are widely seen as respectable initiatives for downsizing. ... In the event that economic growth is slow, downsizing usually transpires. ... 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. However, it is often recommended to the organizations that are considering downsizing to look at all of their alternative...
Before the downsizing project came into play I did not have to operate a vehicle. ... In conclusion there is no foolproof way for me to protect myself from the downsizing efforts. The impact of downsizing is felt by all, and not only by the employees that loose their jobs. Downsizing has become a common occurance at my company. ... There will always be a negative outcome when downsizing any company without a plan. ...
A lot of organizations invest their efforts in helping the downsized employees to move on. ... 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. ... A part of these productive capabilities will be lost when a company chooses to downsize. ... Downsizing must consider both the economic aspect and the socio-psychological aspect. ... People experience personal distress during changes such as downsizing. ...
Michael Moore has a talent for bringing modern issues concerning politics and society at large to the forefront. This talent is obviously apparent in Downsize This! Random Threats from an Unarmed American. Bringing serious issues that concern everyone American, and more as evidenced by his incredi...
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Rinehart, by means of Hancock Prospecting, imparts 50 every penny of the benefits produced by the Hope Downs mine, which is worked by Rio Tinto and produces 30 million tons of iron metal yearly. ... In December 1992 Hope Downs Iron Ore entered a State Agreement to pick up security for the Hope Downs dwellings. The Hope Downs mine has initiated, (November 2007) with 50 percent accomplices Rio Tinto Iron Ore (RTIO). A second mine at Hope Downs 1 South started November 2008. The Hope Downs Project speaks to an imperative point of reference for the organization. ...
