Managing the Right in Right-sizing
- 1. Managing the “Right” in Right-sizing
- 2. Organisations resort to cost-cutting measures owing to economic down-turn, increased competition, automation, etc.
- 3. In such a scenario, job cuts become an unavoidable measure to scale down costs.
- 4. However, job-cuts or “downsizing”, if not managed correctly, could have negative impact on organisations. Hence, organisations are beginning to focus on “Right-sizing” instead… NASSCOM defines Right-sizing as “The process for a corporation to reorganise or restructure their business by cost-cutting, reduction of workforce or reorganising upper level management. The goal is to mould the company properly to achieve maximum profit.”
- 5. Managing right-sizing is important from the standpoint of employer branding
- 6. Key Challenges in Right-sizing Exercises: A Possibility of High Attrition
- 8. C Increase in Recruitment Cycle-time
- 9. D Increase in Offer Decline Rates
- 10. E Impact on Re-hiring
- 11. F Possible Breach of Physical Security
- 12. G Breach of Data Security
- 13. H Negative Media Publicity
- 14. I Potential Impact on Client Relationship
- 15. About ICFAI Flexible Learning Programs ICFAI Flexible Learning Programs are designed primarily for Working Professionals to pursue their management program while they continue to work. These programs provide them with the Skills, Knowledge and Strategic Perspectives required for them to succeed at their workplace and promote their career progression. The programs range from Modular >> Certificate >> PG Diploma >> MBA in the functional areas of Finance, Marketing, Operations, HR etc. and covers the industry sectors like IT/ITES, Health Care, Pharma, Telecom, Banking, Financial Services and Insurance, etc. Features - Flexible Learning Programs: Convenient and Flexible Mode of Learning Innovative learning methodology backed by Contemporary Curriculum Quality Courseware along with new-age learning aids as part of the Hub & Spoke Learning Model Online Counseling Classes Web support for the students Easy fee payment patterns including EMIs Examination thru Computer Based Testing (CBT) pattern – conducted 4 times in a year, giving flexibility to the working-class in choosing the schedules
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