Overview: Cutting staff is not just a matter of inventory control ("last in, first out"). When the market shrinks, the firm must adapt to new circumstances, and this may require reducing staff at all levels of the firm, including principals. One must be thoughtful enough to know what kinds of structural changes are needed to make sure that the firm can survive - -and thrive - even in a slower economy. One may have to trim infrastructure, providing less support across the board, and some people may not be able to work well under the new conditions.
Overview: Current economic conditions are forcing many companies to significantly cut workforce operating costs. While this may be necessary to remain solvent during difficult times, if done poorly it is just as likely to exacerbate an already difficult situation.
To learn how to ensure that workforce cost reductions are done effectively, read the complimentary Executive Brief, "8 Steps to Immediately Reduce Workforce Costs." You'll discover how you can:
• Use downsizing as an opportunity to improve your organization
• Quickly identify who to keep and who to let go
• Effectively manage succession planning to minimize negative impact
• Positively impact your bottom line without hurting your top line
SuccessFactors helps organizations get the most out of their investment in talent by giving them the tools to manage their talent strategically — to truly drive business results.Overview: Firing employees is rarely a pleasant experience, but every business owner must deal with it. You can't expect all employees to work out, and when they don't, it's best for both your business and the employee that you handle the problem quickly and efficiently. Unfortunately, however, there are certain instances in which firing an employee could lead to litigation. If this is the case, you must still fire the employee, but exercise caution while doing it. Overview: In your own company, costs are mounting, credit...