Learn the Process of Succession Planning: Tips & Strategies

Learn the Process of Succession Planning: Tips & Strategies

      The importance of succession planning and management is growing as an increasing number of business leaders realize its role in furthering organizational stability. CEOs and human resource managers must understand that the process of succession planning needs to be more holistic in its approach in order to integrate with the corporate strategy of the organization. Read more

Selection Criteria for Downsizing and Restructure: Seniority vs. Performance

    Downsizing and Restructure

      Downsizing is a permanent reduction of workforce through layoffs and other means. Organizations usually downsize to save payroll costs and prevent bankruptcy during tight economic conditions. Downsizing, when done right, makes the organization more efficient, lean, and mean .

    On the other side, a faulty approach to downsizing can cause the organization to run the risk of losing key talent and intellectual capital, and becoming dysfunctional by breakdown of hierarchies and systems. Read more

What to Ask During an Exit Interview

What to Ask During an Exit Interview

    Opportunity for Company Changes

      Many organizations pass on the opportunity to perform exit interviews because they are viewed as an optional exercise in company performance management. However, many find value in the practice. Conducted with employees as they are leaving the organization, exit interviews provide employers with reasons why the person is leaving his job as well as perspective on what can be done to change issues in company management, processes, systems and culture. Read more