Alternatives to downsizing
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Please describe some of the alternatives to downsizing.
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This 200 word solution describes the best alternatives to downsizing.
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For any organization downsizing can have a major impact, not only on its employees, but more so on the local economy. Regardless of the size of an organization, it's imperative that management at every level explores alternatives to downsizing. Below you'll find some different alternatives to downsizing:
1. Leadership within the organization can communicate with employees what they are willing to sacrifice in order to maintain work. Meaning, many employees are willing to take pay reductions in order to stay employed. However, companies must start at the top to review what financial costs can be cut with senior leadership. For example, ...
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