Downsizing, rightsizing, smartsizing

Downsizing, rightsizing, smartsizing

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  DOWNSIZING, RIGHTSIZING, SMARTSIZING & SABBATICALS SUBMITTED BY:- Shruti Pendharkar
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  CONTENTS • Downsizing • Rightsizing •Smart sizing • Sabbatical
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  DOWNSIZING  It means“to make (a company or organization) smaller by shedding staff or workplace resources. IMPACT OF DOWNSIZING
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  ROLE OF HRIN DOWNSIZING  Use of alternatives such as work-sharing, down-grading, redeployment.  HR personnel must ensure proper communications to minimize the negativity and should keep each individual informed with factual data.  They should convince trade unions and win their support for downsizing.  They need to deal with layoff employees uncertainties such as service pay, retirement benefit, search for alternative job, transition assistance etc.
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  RIGHTSIZING  Employing &Maintaining exact number of employees with required skills, abilities and knowledge to perform the existing number of jobs in an organization. FACTORS RESULTED IN RIGHT SIZING ARE: - Competition Information Technology Technological Innovation Multiskills
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  NEED FOR RIGHTSIZING To have exact number of employees as per the  job analysis,  job description and  job specification exercise of the company.  To reduce dysfunctional activities of employees.  To minimize the cost of human resources and to increase the production cost by eliminating unnecessary costs.  To reduce maintenance activities of various employees facilities and benefits like housing, canteen, transportation, medical and recreation.  To maximize productivity by enhancing employee performance.  To avoid formation of trade union and it’s consequences.
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  SMART SIZING  Maximizethe production with the help of efficient utilization of available resources using different alternatives which are economically sound.  Minimum wastage  Reutilization of waste material  Reduction in operation cost,  Lack of innovation,  Reduction in maintenance cost,  Utilization of energy saving methods, to reduce cost of fuel and electricity.  Cutting down on amenities and employee programs, such as gym memberships, company cars, and cafeteria services.  Economizing throughout the business can help reduce waste, while at the same time potentially allowing the preservation of more jobs.
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  SABBATICAL Extended leave ofabsence granted to employees for renewal purpose. Offer 4 to 6 months service leaves that allows manager and executives to perform special service with nonprofit organizations.
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  BENEFITS  Retain ValuedEmployees  Attract Top Talent  Increase Productivity  Develop High Potentials  Revitalize Your Workforce  Get Great Public Relations  Self-Awareness  Replenished Energy  Renewed Commitment  A Surge of Creativity  The Ability to Inspire  Increased Confidence COMPANIES INDIVIDUAL