It seems that with every holiday season, there invariably is a story about a company who, once the holidays end, will downsize their operations, and likely with that, their staff. Downsizing is a difficult task for any office manager. There will be emotions and possibly anger from both those who are and who are not let go. But that doesn’t make downsizing a business less necessary if it is to survive in today’s volatile business climate.
There is such a thing as downsizing with dignity. And while your employees may not appreciate being let go, with even a modicum of decency on your part, in the long run, downsizing with dignity can be beneficial, particularly to a business’s brand.
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The potential is high for a company to make mistakes while downsizing. And of course, these mistakes have to be avoided so that a company will not leave itself open to legal action in the future. Learn what six of those largest mistakes might be for your company as you downsize.
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Both good and bad outcomes can arrive from downsizing a business. Find out what those outcomes might be for your company through this article’s list of advantages and disadvantages to downsizing.
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While downsizing has become an increasingly common action taken by companies who seek to remain profitable, some workers, as well as managers, may still not know what downsizing is. Check out this short article to find out the different types of downsizing and how to utilize them for your company.
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Downsizing a business isn’t an action that should be taken without a considerable amount of thought and tactic. Look into this article to find out when you may need to downsize your company.
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Yes, hearts will be broken and dreams dashed, particularly by employees who are let go from their jobs, but beyond the emotional and financial pain of a layoff, there are still advantages to downsizing that a company and its hiring manager need to consider.
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While hiring managers may eventually have to downsize their business, they may not know where to start or how to effectively downsize. Use the tips offered in this article as a template for how you can employ downsizing tactics for your business.
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Every company is different. And as far as downsizing is concerned, not every company responds the same to becoming smaller. In some cases, a company may not even be saved by downsizing. Read why in this article.
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