Boosting Employee Morale After Downsizing

Paper Summary:

Downsizing has become a significant idea in today's economy, and maintaining the trust of employees when something like this takes place has also become very serious business. This paper examines the question of whether a company should downsize their employees and how to do the downsizing properly so that as few employees as possible are injured. It discusses and analyzes the several ways that companies can downsize that will help retain much of the loyalty of the workers that remain.

From the Paper:

"Companies who downsize through attrition and buyouts, those companies that work to help downsized employees find new jobs, and companies that are willing to provide outplacement services to those individuals often end up in positions that are much better than companies that simply fire workers due to downsizing (Brockner, Konovsky, Cooper-Schneider, Folger, Martin, & Bies, 1994). These companies who show that they care about the workers that they have to remove through downsizing have a much greater chance of retaining a lot of the loyalty originally given to them by the workers that survived the downsizing (Brockner, Konovsky, Cooper-Schneider, Folger, Martin, & Bies, 1994)."

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