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Downsizing
A company strategy to reduce the scale(size) of the business to improve the company financial performance.

permanent reduction of a company's workforce Layoff

Reducing the number of employees at a company through terminations, spinoff and layoff.

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Why Downsizing in corporate

Economic crisis Reduce costs When company goes at loss outsourcing Change in management Strategy change Merging of two or more than two firm

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Effects of Downsizing
Change in the productivity of company Employees will feel insecure and often resentful Positive effect on share market re-thinking of Employment Strategy Change in the employee behavior Survivor experience Early retirement

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Downsizing and other HR system

Loss of training investment from turnover
Training Employee Relations

Reputation effects on recruitment

Employ-ment

Morale of survivors

Downsizing
Performance Management Reward Systems

Severance pay & benefits

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Performance evaluation as layoff criteria

Advantages of downsizing
Mutual effect :- Equally reduction of employment in all department. This mutual effect allow the owner to create a balance plan Management :-less employee in organization create more opportunity for the owner to interaction and better management

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Disadvantages of downsizing
Lack of opportunities :- Downsizing means fewer available position within a company Public image :- after downsizing if company could not make client and products then its reputation will be -ve

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Rightsizing
Reducing the workforce Downsizing the employee strength Planned elimination of job

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Factors
Companys bottom line is threatened Technological advancement renders people redundant Organizational restructuring

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Flexible rightsizing
Cost effective alternative to layoffs Reduced labor cost Reduced work hours Tele work Pay cuts

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Advantages
Maintain or increased productivity Retention of talent Win-Win condition for stakeholder as well as customer Job challenge and opportunity for learning Economics security

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Disadvantages
Complex task Very tough task for new supervisor

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Exit interview

In human resource terms, an exit interview is a survey that is conducted with an employee when he or she leaves the company.

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Exit interview--purpose

Gather employees feedback in order to improve working conditions and retain employees reasons for leaving, job satisfaction, frustrations, feedback concerning company policies or procedures.

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Who conduct exit interview

A neutral party between company and employee. A third party.

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How exist interview are conducted

In-Person Exit Interviews Telephone Exit Interviews Paper and Pencil Exit Interviews Online Exit Interviews

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How exist interview questions

Exit Interview Questions Samples What is your primary reason for leaving? Did anything trigger your decision to leave? What was most satisfying about your job? What was least satisfying about your job? What would you change about your job? Did your job duties turn out to be as you expected? Did you receive enough training to do your job effectively? Did you receive adequate support to do your job? Did you receive sufficient feedback about your performance between merit reviews? Were you satisfied with this company's merit review process?

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