Downsizing: Doing It Right, While Minimizing the Pain

Downsizing sucks! If you have to do it to preserve the business, follow these steps to minimize the pain. Straight talk – no business wants to layoff one person let alone hundreds or thousands of people. But sometimes downsizing is the prudent business move to ensure the short-and-long-term viability of a company. But it must be done right. The attention to detail necessary to pull off a reduction in force in a legally sound way and positions the company to bounce back is frightening. Every department and manager is involved – and when so many parts are moving it's easy for innocent mistakes to occur. Don't let them! Use this guide filled with checklists, steps and best practices to ensure your reduction in force process is executed without incident. Get this report and learn: Human resources: 12 questions and answers to check before layoffs take place Payroll: 4 ways to ensure compliance with state and federal laws Controller: Maintain internal and financial controls – 2 keys Employee benefits: 4 critical steps every benefits manager must do Operations/Facilities: 3 keys to ensure a smooth transition and 7 areas to check to avoid post-RIF issues

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