How companies reduce the downside of downsizing

✍ Scribed by Jeanenne LaMarsh

• Book ID: 102393140
• Publisher: Wiley (John Wiley & Sons)
• Year: 2009
• Tongue: English
• Weight: 97 KB
• Volume: 29
• Category: Article
• ISSN: 1932-2054
• DOI: 10.1002/joe.20294

✦ Synopsis

Abstract

Workforce reductions are sometimes inevitable, but the accompanying pain is not. Careful planning by senior leaders and attentive implementation by managers, with a focus on all the groups affected by the action, can speed individuals' and the organization's transition to the future state. The author discusses the negative ramifications of downsizing, the three core groups of employees most affected, and the types of resistance to change that prolong their emotional pain and pose barriers to moving forward. She also presents a change management plan for minimizing the pain and details the communication, learning, and rewards and reinforcement elements important for effectively managing downsizing. © 2009 Wiley Periodicals, Inc.