In preparation for a layoff, it is just as important to have a plan in place for communicating with those employees who will remain as it is for those who will be directly affected by job losses. Implementing a plan focused on helping remaining employees navigate the emotions and practical workplace implications of a layoff can help an employer position itself and its employees for long-term success.
This How To covers the steps HR should take to reduce costs, maximize opportunities and ensure all resources are used to greatest effect in preparation for a possible recession.
HR guidance on risks associated with downsizing programs, methods to implement a safe program and cost-saving considerations for employers who choose to downsize.