Workforce Reductions

In these difficult economic times, many organizations are struggling to maintain profitability and at times just survive.  As a result, workforce reductions have become a normal part of doing business.  Just like with many business practices, there are right ways and wrong ways to plan and implement an effective workforce reduction.  Based on our experience, we have identified four critical areas that need attention when conducting a workforce reduction:

  1. Planning – Assess future state needs based on market, customer, products and services, and operations.  Identify who stays, who goes, how and why.
  2. Communication Develop communication strategies and procedures for public relations, customers, and employees.
  3. Transition Provide a bridge to future opportunities for impacted employees.
  4. RetentionMitigate fear and reengage existing employees following staff reductions.

At TM Solutions, we help our clients plan and implement an effective workforce reduction by:
  • Developing and customizing a plan to ensure that your workforce reduction model fits organizational needs and minimizes risk.
  • Consulting on assessment and selection processes for workforce reduction.
  • Planning for separations to help minimize operational disruptions.
  • Consulting on stay bonuses and severance packages.
  • Conducting on-site meetings with employees immediately following separation.
  • Providing individual and group outplacement services.
  • Developing innovative strategies for supporting and retaining remaining employees.

Products and Services (available with or without consultation or onsite support)


For additional products and services, keyword search - Workforce Reduction, Termination, Risk, Compliance, HR Best Practices, Best Practices, or visit our
HR Store.

To learn more about our Workforce Reduction products and services, please
Contact Us. 

 

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