Crisis! What Alternatives can HR offer for Downsizing or Reducing Payroll Salaries?

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Human Resource Management Roles > Best Practices > Crisis! What Alternatives can HR offer for Downsizing or Reducing Payroll Salaries?

Crisis! What Alternatives can HR offer for Downsizing or Reducing Payroll Salaries?
Piero Rodrigo Casafranca Abrill, Analyst, Peru, Member
In times of crisis, companies make difficult HR decisions and often choose between or reducing payroll salaries, but really what is the best option? Are there other alternatives that can help a company's economic situation? (...) Read more? Sign up for free

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  Options for HR Reductions
David Wilson, Manager, Canada, SIG Leader
  You need to look at what the US Government calls a Reduction In Force (RIF). Options include:
- Buyoffs and early retirement (e.g. voluntary downsizing),
- Attrition (e.g. hiring freeze),
- Layoffs and dismissals (e.g. forced downsizing),
- Salary reductions (e.g. rollbacks),
- Elimination of vacancies,
- Reduced hours of work (e.g. 4 day work week versus 5 days),
- Reduction in benefits (e.g. lower costs),
- Transfers to vacancies to be retained,
- Unpaid leave of absence,
- Reduced vacations,
- No temporary staff
- No backfill of permanent staff.
This may not be a complete list, but they are options.
Layoffs should (in my opinion) be the last option. Please note, the specific terms used may vary from country to country.

  Alternate Options for Reduction: Multiskilling
Leena Bissoonauth, Student (University), Mauritius, Member
  (...)

  Options Solution for your Problem
SETIONO WINARDI, Business Consultant, Indonesia, Member
  (...)

  HR Reductions and Sustainability
F. Mouche
  (...)

  Decisions HR Take During Tough Times
Ashish Verma, HR Consultant, India, Member
  (...)


  Useful HR Options During Recession and Crisis
Jaymala dubey, Student (MBA), India, Member
  (...)

  Why Downsizing is not a Good Solution During Crisis
Alex Joe Nona, HR Consultant, Papua New Guinea, Member
  (...)

  Resource Action - do your Homework First
Bill Maynard, SPHR
  (...)

   
Special Interest Group Leader
David Wilson
Manager

Human Resource Management Roles
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Happy New Year 2020
Best Practices
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Crisis! What Alternatives can HR offer for Downsizing or Reducing Payroll Salaries?
🥉HR Strategy: Getting Everyone On-Board
Is HR Really Viewed as a Strategic Partner?
Steps in Developing HRM Strategy
Responsibilities of a HR Manager
Workforce Model of Organizational Development
HR 2020 - a New Vision
Dutch Strategic HRM Process Model
What is Entrepreneurial HR?
What is the Most Important HRM Role? Why?
The Role of the Chief Human Resources Officer in the Boardroom
What Parameters Determine the Best Organizational Model for HR?
Competitive Advantage of HR
Employee Grievances Redressal
Key Sections of an Employee Handbook
Aligning the HR Strategy with Overall Strategy
Most Comprehensive Human Resource Management Model
Recruitment - Attracting Best Applicants
How Should HR Deal with International Differences in Payments for Jobs?
Should HR Be Split Up?
How can HR Support Employees with Mental Health Issues?
Seasons Greetings for 2019
Celebrating a Diverse Holiday Season
Managers and Positions Excluded from Union Jobs
Role of Human Resource Management in Public Sector
The Impact of HR Self-service Models on HRM Roles
European and American Model of Managing Human Resources
Strategic Importance of Human Resources Planning?
Differing HR Practices for Standard and Contingent Employees
What is the HR Matrix?


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