In today’s global marketplace more companies, both big and small, are taking part in workforce reductions. After careful consideration of alternative strategies, a company typically chooses a workforce reduction as a last resort. Unfortunately, a workforce reduction strategy caries significant risks. These risks include legal compliance, employee engagement, customer impact and productivity, to name a few. To mitigate these risks, a company needs careful planning and ongoing vigilance in the execution. A workforce reduction can go by many names – reduction-in-force (RIF), layoff, downsizing, rightsizing, optimizing, or process reengineering.
The documents and tools listed below are designed to help you plan and execute an effective workforce reduction strategy.
List of Included Documents & Tools
- TMS Management Guide – RIF
- TMS Assessment Surveys
- Adverse Impact – Overview
- Benefit Termination Summary
- COBRA Policy
- COBRA – FAQ
- COBRA Notice – Termination
- Job Reduction Letters
- Manager Notification Script
| - Managing the Separation Meeting
- Notification Meeting – Manager Q&A
- Retention Bonus Letter – Loss of Business
- Separation & General Release Agreement
- Separations – Handbook Samples
- Termination Checklist
- Termination Meeting – Helpful Tips
- Termination Letters
- Termination Notification Form
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Related Success Kits
- TMS Success Kit – Compliance & Reporting
- TMS Success Kit – Mergers & Acquisitions
- TMS Success Kit – Performance Management
- TMS Success Kit – Policy & Procedures
- TMS Success Kit – Workforce Planning
TMS Success Kits are information hubs within TMS Online that allow you to find all relevant documents in one convenient location. All documents and tools listed above are included with a TMS Online membership. The documents and tools can also be sold separately or in tool bundles.
For more information on TMS Success Kits or TMS Online membership, please contact us.