Have familiarity with managing early retirements Copyright © 2016 Pearson Education,... Copyright © 2016 Pearson Education, Inc.. 6-4 Employee Separation Employee ceases to be a member
Trang 1Chapter 6
Managing Employee Separations, Downsizing, and
Trang 2Chapter Challenges
1 Understand employee separations
2 Gain mastery in identifying types of
employee separations
3 Have familiarity with managing
early retirements
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Trang 3Chapter Challenges
4 Learn practices for managing layoffs
5 Recognize the role of outplacement
Trang 4What Are Employee
Separations?
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Employee Separation
Employee ceases to be a member of
the organization
Turnover Rate
Measure of the rate at which employees leave the organization
Trang 5Costs of Employee
Separations
Trang 6Benefits of Employee
Separation
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Reduced Labor Costs Replacement of Poor Performers
Increased Innovation Opportunity for Diversity
Trang 7Types of Employee
Separation
Voluntary
Quits Retirements
Involuntary
Discharges Layoffs
Trang 8Managing Early
Retirement
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• Financial Package Incentives
• Short Eligibility Window
• Reduce the Size of the Organization
• Must Be Managed Carefully
Trang 9Avoiding Problems with
Early Retirement
Too many employees take retirement option
Desired employees may leave Perception of forced leave Age discrimination complaints
Trang 10Managing Layoffs
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Trang 11Alternatives to Early
Layoffs
Trang 12Copyright © 2016 Pearson Education, Inc 6-12
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
Trang 13Effects of Layoffs on
Survivors
Increased absenteeism and turnover
Lower productivity and poorer job
satisfaction Increased sabotage
Trang 14Copyright © 2016 Pearson Education, Inc
Goals of Outplacement:
• Reduce morale problems
• Minimize litigation
• Assist laid-off employees
Outplacement Services:
• Emotional support
• Job-search assistance
6-14
Trang 15Summary and Conclusions
• What Are Employee Separations?
• Types of Employee Separations
• Managing Early Retirements
• Managing Layoffs
• Outplacement
Trang 16Pearson Education, Inc.
Copyright
Copyright © 2016 Pearson Education, Inc 6-16