Chapter 6 Managing Employee Separations Downsizing and Outplacement

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Chapter 6 Managing Employee Separations, Downsizing, and Outplacement Copyright © 2016 Pearson Education, Inc.

Chapter 6 Managing Employee Separations, Downsizing, and Outplacement Copyright © 2016 Pearson Education, Inc. 6 -1

Chapter Challenges 1. Understand employee separations 2. Gain mastery in identifying types of employee

Chapter Challenges 1. Understand employee separations 2. Gain mastery in identifying types of employee separations 3. Have familiarity with managing early retirements Copyright © 2016 Pearson Education, Inc. 6 -2

Chapter Challenges 4. Learn practices for managing layoffs 5. Recognize the role of outplacement

Chapter Challenges 4. Learn practices for managing layoffs 5. Recognize the role of outplacement Copyright © 2016 Pearson Education, Inc. 6 -3

What Are Employee Separations? Employee Separation Employee ceases to be a member of the

What Are Employee Separations? Employee Separation Employee ceases to be a member of the organization Turnover Rate Measure of the rate at which employees leave the organization Copyright © 2016 Pearson Education, Inc. 6 -4

Costs of Employee Separations Copyright © 2016 Pearson Education, Inc. 6 -5

Costs of Employee Separations Copyright © 2016 Pearson Education, Inc. 6 -5

Benefits of Employee Separation Reduced Labor Costs Replacement of Poor Performers Increased Innovation Opportunity

Benefits of Employee Separation Reduced Labor Costs Replacement of Poor Performers Increased Innovation Opportunity for Diversity Copyright © 2016 Pearson Education, Inc. 6 -6

Types of Employee Separation Voluntary Quits Retirements Involuntary Discharges Layoffs Copyright © 2016 Pearson

Types of Employee Separation Voluntary Quits Retirements Involuntary Discharges Layoffs Copyright © 2016 Pearson Education, Inc. 6 -7

Managing Early Retirement • • Financial Package Incentives Short Eligibility Window Reduce the Size

Managing Early Retirement • • Financial Package Incentives Short Eligibility Window Reduce the Size of the Organization Must Be Managed Carefully Copyright © 2016 Pearson Education, Inc. 6 -8

Avoiding Problems with Early Retirement Too many employees take retirement option Desired employees may

Avoiding Problems with Early Retirement Too many employees take retirement option Desired employees may leave Perception of forced leave Age discrimination complaints Copyright © 2016 Pearson Education, Inc. 6 -9

Managing Layoffs Copyright © 2016 Pearson Education, Inc. 6 -10

Managing Layoffs Copyright © 2016 Pearson Education, Inc. 6 -10

Alternatives to Early Layoffs Copyright © 2016 Pearson Education, Inc. 6 -11

Alternatives to Early Layoffs Copyright © 2016 Pearson Education, Inc. 6 -11

Implementing Layoffs • Notifying Employees o WARN Act— 60 -ay notice • Developing Layoff

Implementing Layoffs • Notifying Employees o WARN Act— 60 -ay notice • Developing Layoff Criteria o Seniority or Employee Performance • • Communicating to Laid-Off Employees Coordinating Media Relations Maintaining Security Reassuring Survivors Copyright © 2016 Pearson Education, Inc. 6 -12

Effects of Layoffs on Survivors Increased absenteeism and turnover Lower productivity and poorer job

Effects of Layoffs on Survivors Increased absenteeism and turnover Lower productivity and poorer job satisfaction Increased sabotage Copyright © 2016 Pearson Education, Inc. 6 -13

Outplacement Goals of Outplacement: • Reduce morale problems • Minimize litigation • Assist laid-off

Outplacement Goals of Outplacement: • Reduce morale problems • Minimize litigation • Assist laid-off employees Outplacement Services: • Emotional support • Job-search assistance Copyright © 2016 Pearson Education, Inc. 6 -14

Summary and Conclusions • • • What Are Employee Separations? Types of Employee Separations

Summary and Conclusions • • • What Are Employee Separations? Types of Employee Separations Managing Early Retirements Managing Layoffs Outplacement Copyright © 2016 Pearson Education, Inc. 6 -15

Pearson Education, Inc. Copyright © 2016 Pearson Education, Inc. 6 -16

Pearson Education, Inc. Copyright © 2016 Pearson Education, Inc. 6 -16

Managing Employee Separations Downsizing and Outplacement Chapter 6Managing Employee Separations Downsizing and Outplacement Chapter 6
6 Managing Employee Separations Downsizing and Outplacement 20046 Managing Employee Separations Downsizing and Outplacement 2004
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