Selection and Communication in Layoff Planning: The Cornerstones of a Successful Reduction in Force

Abstract

The availability of a tremendous amount of literature addressing the legal issues associated with conducting a layoff influences many practitioners to rely solely on the legal elements. While indeed these are important, an effective layoff cannot be achieved without focusing on two additional major elements: selection of individuals for layoff and communication to various stakeholders. By utilizing a layoff committee that includes diverse representation throughout the process, the organization is better prepared to achieve the organizational objectives outlined in the layoff plan.

TOPICS: Private equity, financial crises and financial market history, manager selection, performance measurement