INTRUDUCTION Downsizing is a permanent reduction of workforce through layoffs and other means. Organizations usually downsize to save payroll costs and prevent bankruptcy during tight economic conditions. Downsizing‚ when done right‚ makes the organization more efficient‚ lean‚ and mean .On the other side‚ a faulty approach to downsizing can cause the organization to run the risk of losing key talent and intellectual capital‚ and becoming dysfunctional by breakdown of hierarchies and systems. The
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HR STRATEGIES THAT CAN TAKE THE STING OUT OF DOWNSIZING-RELATED LAYOFFS by Franco Gandolfi Strategy | July / August 2008 Share on emailEmail Share on twitterShare on Twitter Share on facebookPost to Facebook Share on linkedinShare on LinkedIn Share on deliciousSave to Delicious Share on instapaperSave to Instapaper While the pain of downsizing-related layoffs can’t be avoided entirely‚ it can be mitigated. Anticipating the duration and depth of an industry downturn‚ for example‚ can definitely
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Survivors’ of layoff or job loss are also coping with stress and may also grieve the loss of a co-worker. According to Brockner‚ “(the) layoffs may elicit anxiety produced by job insecurity that may in turn influence the performance of survivors. (Brockner et al‚ Layoffs‚ 373)” There may also be questions as to whether management made the decision on who to keep and who to let go‚ fairly‚ and not based on personal preference. Brockner explains that “(Survivors) may be worried or anxious that they
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ASSIGNMENT ON COST CONTROL AND COST FREDUCTION SUBMITTED BY‚ MOHAMMED NAFAISE E.K ROLL NO: 1600 COST CONTROLL & COST REDUCTION COST CONTROL The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable .Then if necessary
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Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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SAJMR Spectrum: A Journal of Multidisciplinary Research Vol.1 Issue 9‚ December 2012‚ ISSN 2278‐0637 HUMAN RESOURCES MANAGEMENT PRACTICES IN SMALL AND MEDIUM INDUSTRIES – AN INDIAN EXPERIENCE DR. K. SUNDAR*; P. ASHOK KUMAR** *Associate Professor‚ Commerce Wing‚ DDE‚ Annamalai University‚ Annamalai Nagar‚ Tamil Nadu. **Ph.D Research Scholar‚ Department of Commerce‚ Annamalai University‚ Annamalai Nagar‚ Tamil Nadu. ABSTRACT A study on Human Resources Management was made
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Appelbaum‚ H. S.‚ Lavigne-Schmidt‚ S.: "Downsizing: Measuring the Costs of Failure"‚ Journal of Management Development‚ Vol. 18 Issue 5/6‚ 1999. 2. Baumol‚ Wiliam J.‚ Blinder‚ Alan S.‚ & Edward N. Wolff (2004). Downsizing in America. Reality‚ Causes‚ Consequences. New York‚ Russell Sage Foundation. 3. Burke‚ J. R.‚ Nelson D.: "Mergers and Acquisitions‚ Downsizing‚ and Privatization: A North American Perspective"‚ in The New Organizational Realty – Downsizing‚ Restructuring and Privatization‚ American
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