The research is clear. Most reductions-in-force (RIF's) fail. They fail to improve efficiencies, they fail to improve profits and they often fail to even achieve the intended cost savings.
According to the Conference Board, 80% of companies studied reported a collapse of employee morale after a layoff. Average productivity of employees dropped to 3.6 hours of every 8 hour day. RIF's are painful events and can seriously damage leadership credibility.
And, it is unnecessary. A well thought out and a flexible strategy that leverages the best of your organization's culture and leadership style can make the difference.
Contact us to learn more about: