IMPACT OF DOWNSIZING IN INDIAN ORGANISATION
In this article first the word ‘downsizing’ is defined,
A noted scholar recently assessed downsizing as "probably the most pervasive yet understudied phenomenon in the business world" (Cameron, 1994). As a part of liberalization and privatization policies, many of the Indian organizations are implementing downsizing policies to curb the financial outlay and improve the quality, to become competitive at the global market. Organizations in every industry and sector face an environment of continuous and accelerating change. The organizational members vary in their perception regarding the implementation of the downsizing policy within their organization. Some have of the opinion that organizational downsizing produce better result in performance and productivity. Some indicates downsizing as a threat to the human resources and existing organizational culture.
Downsizing is a deliberate organizational design to reduce the work force that is intended to improve organizational performance. It is a positive and purposive strategy: "a set of organizational activities undertaken on the part of management of an organization and designed to improve organizational efficiency, productivity, and/or competitiveness" Downsizing thus defined, falls into the category of management tools for achieving desired change, much like "rightsizing" and "reengineering".
In this article the paradox of downsizing, list of some Indian companies which have downsized and for what reasons, Effects or Impact of Downsizing by stressing in the following areas like: Psychological contracts and downsizing, Stress and Downsizing; Job involvement and downsizing; Downsizing and coping; Downsizing on Survivors; Voluntary Retirement System; various views expressed on voluntary retirement system, Cost reduction and Downsizing;
It also provides about the most prominent effects of downsizing, its pro and...