Answer to Question #192514 in Management for PIYU

Question

Suppose that you are the HR manager at a firm where hiring-freeze has been declared due to the ongoing pandemic. The plan is to downsize through attrition. What steps would you take to ensure that you reap the advantages of this strategy while minimizing the disadvantages.

Answer 1

Due to the ongoing pandemic, management realized that the company is underperforming and that operating expenses are out of control. As a result, the organization considered attrition-based downsizing as a means of improving performance. This is known as corporate downsizing, which is described as a reduction in an organization's size and operating costs in order to improve efficiency, productivity, and competitiveness. The group, on the other hand, would have to work with fewer employees to complete the same tasks as before the downsizing. As HR boss, I'll ensure that I get the most out of this strategy while minimizing its disadvantages. By reducing the workforce, I will be able to remove obsolete positions and thereby reduce headcount. By convening a meeting with the team members, I will treat this situation professionally. Redesigning the job would mean eliminating redundant tasks, resulting in vacant positions. By redesigning, the vacant positions will be filled, and the duties will be transferred to another position. Functions will be removed, positions will be revamped, work hours will be cut, layers will be de-layered, and departments will be combined. I will be able to strengthen the organization's system by approaching the structure. I'd like to make some cultural improvements that will save money in the long run. This has the positive effect of increasing productivity, which most employees appreciate. Rather than being immediate, the outcomes will be long-term. The emphasis will be on providing excellent customer support, which will contribute to increased profitability. During a major crisis or financial difficulty, this strategy will be successful. as a result of the pandemic During layoffs, I will respect employees' ethics, get things done quickly, and deal with any legal problems that arise. The plan will save the company, boost transparency, retain staff, and strengthen relationships.