Asked by Sheryar Gillani on Jun 15, 2024
Verified
Discuss the limitations of downsizing on human resource planning.Provide two examples of alternative HR strategies to downsizing.
Human Resource Planning
Involves forecasting the organization's future human resource requirements and developing plans to meet those needs.
- Comprehend the essential nature of strategic planning and the examination of expenses in the process of downsizing.
- Discuss alternative human resource planning strategies to downsizing.
Verified Answer
SK
Sehaj KahlonJun 22, 2024
Final Answer :
Downsizing can be a costly strategy for organizations to pursue, and, as a result, it is desirable to investigate whether alternatives to downsizing exist. In a number of instances, organizations discover that pursuing different alternatives to downsizing may eliminate the need to reduce the workforce or allow for a less severe downsizing strategy.
Different approaches are summarized in HR Planning Notebook 10.2.
Several alternatives are available to organizations faced with the challenge of cutting costs. These include:
Moderate-Term Cost Adjustments
∙ Extending reductions in salary
∙ Voluntary sabbaticals
∙ Lending employees
∙ Exit incentives
Short-Term Cost Adjustments
∙ Hiring freeze
∙ Mandatory vacation
∙ Reducing the workweek
∙ Reducing overtime
∙ Reducing salaries
∙ Short-term facility shutdowns
∙ Obtaining cost-reduction ideas from employees
Different approaches are summarized in HR Planning Notebook 10.2.
Several alternatives are available to organizations faced with the challenge of cutting costs. These include:
Moderate-Term Cost Adjustments
∙ Extending reductions in salary
∙ Voluntary sabbaticals
∙ Lending employees
∙ Exit incentives
Short-Term Cost Adjustments
∙ Hiring freeze
∙ Mandatory vacation
∙ Reducing the workweek
∙ Reducing overtime
∙ Reducing salaries
∙ Short-term facility shutdowns
∙ Obtaining cost-reduction ideas from employees
Learning Objectives
- Comprehend the essential nature of strategic planning and the examination of expenses in the process of downsizing.
- Discuss alternative human resource planning strategies to downsizing.