Layoff

human resource management- layoff

1. LAYOFF Presented by- Sharad Srivastav Charu Sharma Manish Shubham SeraKazmi

2. Layoff Overview Layoff also called redundancy in the UK, is the temporary suspension or permanent termination of employment of an employee or a group of employees for business reasons , such as when certain positions are no longer necessary or when a business slow-down occurs. Layoffs focus on positions, not individuals Layoffs are not to be used for resolving employee performance problems These are not technically classified as firings

3. Types of Layoff Laying off one /few individuals Laying Off an entire department / unit Permanent layoff

4. What Are The Reasons For Layoffs? Lack of Funds: The U.S. Postal Service recently announced it was on the brink of insolvency. The Postmaster General wants to save $2.1 billion a year, which means 28,000 jobs will be cut Lack Of Work: under tremendous pressure from shareholders to cut large losses, new Bank of America laid off 30,000 people by cutting redundant jobs and exiting some of its unprofitable businesses

5. What Are The Reasons For Layoffs? Organizational change: H.P’s largest cut came after he bought IT consulting firm EDS. HP spent $13.9 billion to diversify. Once he closed the transaction, he fired 24,600 employees whom he felt would be redundant once the two companies were combined. Economical: Boeing (NYSE: BA) was another victim of the 2001 economic slowdown. The recession, and later the 9/11 attacks, hurt air travel. The commercial aircraft division of Boeing, therefore, suffered all the cuts, with the defense segment untouched.

6. Layoff Process Do not delay in informing Make sure you are not breaking any laws Ask for bss plan before and after layoff Severance pay package, recommendation etc Inform staff why the lay off was necessary to avoid panic

7. Selection Of Layoff Seniority order Bumping Exception : special skills Knowledge Or Abilities A department may retain an employee irrespective of seniority if the employee possesses special skills, knowledge or abilities (“SKAs”) that are not possessed by other employees in the same classification and which are necessary to perform the ongoing functions of the department.

8. Rights OF Laid Off Employee Severance Recall Preferential Rehire Outplacement Transition Services

9. Alternatives To Layoff Transfer or reassignment to open vacant positions Pay cuts (FEDEX) Shut down retirement funds( G.M) Cut back on costs: Energy saving Training cost Free lunches Office supplies (sprint)

10. Alternatives to Layoff Ernst & Young China Alternative: "Leave Without Pay"

11. Alternatives to Layoff Luxury Retreats Montreal Alternative: Employee Shuffling The villa rental agency has shuffled eight of its 75 employees from departments like product development to revenue-generating positions like sales

12. Alternatives To Layoff Best Buy Minneapolis Alternative: Enhanced Severance Best Buy ( BBY ) in December offered nearly all 4,000 employees at its corporate headquarters a sweetened severance package if they agreed to leave voluntarily. Five hundred employees took the company up on the offer, which for the average employee included 7.5 months of pay, one year of employer-paid health and life insurance, and outplacement services

13. Alternatives To Layoff Twisted Limb Paperworks Alternative: Four-Day Workweek The company took a day off the workweek back in August as a temporary move, but is still on the same schedule seven months later.

14. Alternatives To layoff Nokia Alternative: Mass voluntary resignations On Feb. 24 the cell-phone maker said it will seek up to 1,000 voluntary resignations and also appealed to employees to accept holiday time as payments, instead of cash, for overtime work

15. THANK YOU