In today's trend of merging and acquiring smaller or newer companies by the older and more established companies (mergers and acquisitions), lay-offs and downsizing are prevalent. Since employees, once merged by two or more companies, will have an abundant supply of human resource, there is a reduction in efficiency because of the redundancy in work functions. Lay-offs or downsizing are often imposed when human resource supply exceeds the demand in the company. However, workforce realignment is not an easy task: imposition of a lay-off or downsizing inevitably results to a change in (higher) employee turn-over and adversely affects the morale of its (remaining) employees.
While the company's goal of reducing human resource expenditures is remedied by imposing lay-offs...
Cut Down and Lay Offs Contemporary Review Success Cases or Programs Practical Recommendation As the world has crossed the threshold of twenty first century, the human race is confronting several diverse and different challenges in every corner of the globe. In this regard, considering the world of commerce, the human resource managements are constantly been observed to witness quite a few grave challenges that have become the top priority for the healthcare managers to
Managing Organisational Change Kotter's 8-Step model is one of the most commonly used models in change management. The model provides eight useful guidelines which can be applied to change management within the context of human resource management (HRM). This paper explores the applicability of the model to a change initiative aimed at shifting from job-based compensation to knowledge-based compensation at Dataversity. Dataversity provides digital educational and publishing services to business and
This type of planning can help manage companies' assets and keep it in line, providing more robust information for future planning on an executive or managerial level. Regardless of the type of business or company, a robust Human Resources department is an absolute necessity. Such departments provide support, increased productivity, and future growth for any organization. Even in these tough times, the Human Resources departments of the United States are
To avoid all these hassles, corporates should take the lead. They should ensure that the environment is not harmed in any way and people are treated with respect and dignity without exploiting the people or the environment in any unfair way. Such initiatives get publicity too and this has a positive impact on the company's business interests. Therefore, technology has been another driving factor that induces companies to take the
Cipd.co.uk/subjects/corpstrtgy/general/strathrm.htm?IsSrchRes=1). Secondly, when designing the reward strategy, the HR manager must pay high attention to the stages earlier described for the HRM strategy. This will give him a clue about the 'light at the end of the tunnel', that is the main goal that the organization strives to achieve. According to such findings, he will establish the behaviors he wants to encourage and the types of rewards that are needed for
Management Rationale for the use of life cycle Management at Glazers LCM (Life Cycle Management) is a framework which manages and scrutinises the performance and sustainability of services and goods. This framework aims to achieve the long-term objectives of the business, and gives less stress on the short-term objectives. For getting a more sustainable value chain, organizations are making use of this framework, which would in turn improve their economic and
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