Downsizing is a last resort option for a business and is never taken lightheartedly. Many things should be taken into consideration when making the decision to downsize including the well-being of the people you’re letting go and the morale and comfort of the people that you have decided to keep. When you need advice on downsizing in Dallas, TX, call the business professionals at R Moon Consulting (214) 382-2964 to ensure that all of your bases are covered.
The Decision to Downsize
Every other option should be explored before making the decision to downsize. Typically, a business is losing money because of one of two factors- they have too many employees or they have too little profit. A decision to downsize should never be made as a cost-cutting measure. When a company downsizes, it not only affects the employees that are let go, but also the employees that are kept. If improperly executed, downsizing can cause feelings of uneasiness and job insecurity within your team which can lead to lower productivity, plummeting morale, and can even cause some to search for employment elsewhere. Our business experts can provide alternatives to downsizing that could prevent the situation altogether. We provide effective solutions to profit issues, budgeting problems, and team disorganization to help get your business back in the black. Call us today to schedule your free initial consultation to find out how we can help.
When it Must be Done
When your company has tried every other option and downsizing is inevitable, there are certain steps to take to ensure that all of your legal, moral, and employee obligations are met. One way of helping to soften the blow and minimize negative feelings from the laid-off employees is to offer outplacement services. Helping them to focus on their positive future can also minimize blowback on your company. Severance packages can also help soften a downsize. These packages can offer extended benefits, severance pay, or a combination of the two. Offering the packages can provide a safety net for former employees while they search for new employment. Our professionals can help you devise a plan of action for your employees during your Dallas, TX downsizing to ensure that they leave on a positive note and with no hard feelings.
Your downsizing plan should be well thought out and with proper reasoning. A legal team should also look at any plans to ensure that there can be no legal blowback for your company such as discrimination suits. You should also ensure that your intellectual capital is protected prior to beginning any downsizing. To prevent survivor syndrome in kept employees, offer an explanation and be forthright with information. This will prevent any distrust or resentment from forming within your team. For guidance on how to prevent a hostile work environment after downsizing in Dallas, TX, call our experts at (214) 382-2964.
When your company has no other choice but to downsize, ensure your business and employees are protected with proper planning, communication, and execution of your Dallas, TX downsizing process. Call our business consultants today at (214) 382-2964 and discuss your options and next steps to get your business back on track.