Things to consider before reducing staff
- Can the excess work be managed by the remaining staff?
- Will there be significant reduction in operations
expenses?
- How many employees are idle/on bench/not providing any value
currently?
- Is there no requirement for additional staff in forseeable
future?
- Can some processes be automated at a much lesses expense?
- Can the current employees be trained to provide much more
value?
- Can new employees be hired to do the same job for much lesser
salaries?
Considering alternatives to reducing staff
- Are the employees willing to work for a reduced pay instead of
getting retrenched?
- Can employee benefits be reduced after discussing with the
employees?
- Are they willing to work for fewer hours or shorter
shifts?
- Getting to know if some of the employees are ready to forego
their jobs voluntarily?
- Is there a possibility to shift some of the employees to other
departments?
- Can overtime be eliminated?