Organizationl Downsizing

Abigail Rolon
Business Law I: BUS311
Organizational Downsizing: interrogation Paper
Martin Sweaney
October 31, 2011

Many companies today argon under intense economic pressure. Reorganizations, takeovers, mergers, suppressions, joint ventures, and other(a) major changes atomic number 18 extremely common, as companies try to grow and survive. Downsizing has always been a everyday practice in the corporate world; even for firms non in distress. But today, with many companies in distress, downsize efforts are on the rise. These changes present new challenges and demands for everyone, from the Chief Executive incumbent to the telephone receptionist. The primary stakeholders that are ultimately affected are the employees of the organization. Companies therefore have to ensure that they develop appropriate and fountainhead thought-out plans before implementing the downsizing and layoff process.
A common expression of downsizing is the layoff of employees, that is, terminating workers with or without advance notice. Because layoffs have traditionally been the first process utilize for downsizing, many people have treated layoffs and downsizing synonymously.



But downsizing represents a conceptual issue manifested as proactive or reactive strategies (Weber, 2004), while layoffs and other approaches reach to the operational mechanisms used to implement a downsizing dodge (Mendels, 2001). Layoff is used generically to refer to all involuntary employee reductions for causes other than performance. According to Byrnes (1999), layoff in this sense does not imply that the employee whitethorn be recalled when business improves; in addition, other common footing that convey the same meaning are reduction-in-force and termination (p.64). The commonplace purpose of this practice is to reduce the organizations charge up of excess labor costs when human resources cannot be used effectively (Horton, 2008).
Facing the threat of job loss and beholding others lose their jobs can be a traumatic an abruptly bitter...If you want to get a full essay, order it on our website: Orderessay



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