Reduced infection rates in compromised areas are providing hope that these difficult times will pass. However, organizations are facing harsh realities in real time. With significant reductions in revenue, employers are facing pressure to quickly implement cost-cutting strategies, resulting in mass layoffs of valuable employees.
Employees are an organization’s greatest asset. When faced with cost-cutting pressures, look for redeployment opportunities that use talent as a resource to get through hard times before resorting to difficult layoff decisions.
Make the most of your workforce in this unprecedented situation by following McLean & Company’s process to initiate redeployment efforts and reduce costs. If all else fails, follow our guidance on planning for layoffs and considerations when doing so.
Besides the small introduction, subscribers and consulting clients within this management domain have access to:
Set a strategy with senior leadership, brainstorm underused and understaffed employee segments and departments, then determine an approach to redeployments and layoffs.
Collect key information, prepare and redeploy, and roll up information across the organization.
Plan for layoffs, execute on the layoff plan, and communicate to employees.
Monitor departmental performance, review organizational performance, and determine next steps.