CHAPTER SIX Chapter Objectives - Identify the costs and benefits associated with employee separations
- Understand the differences between voluntary and involuntary separations
- Avoid problems in the design of early retirement policies
- Design HRM policies for downsizing that are alternatives to layoffs and develop a layoff program that is effective and fair
- Review Key Terms
- Attrition
- Employee separations
- Exit interviews
- Hiring freeze
- Involuntary separation
- Outplace assistance
- Turnover rate
- Voluntary separation
Key Terms - Employee separations
- Turnover rate
- The rate of employee separations in an organization.
Costs of Employee Separations - The costs of employee separations
- Recruitment costs
- Selection costs
- Training costs
- Separation costs
- Severance pay
- Exit interviews
- Outplace assistance
Benefits of Employee Separations - The benefits of employee separations
- Reduced labor costs
- Replacement of poor performers
- Increased innovation
- Opportunity for greater diversity
Types of Employee Separation - Voluntary separation
- A separation that occurs when an employee decides, for personal or professional reasons, to end the relationship with the employer.
Types of Employee Separation - Involuntary separation
- A separation that occurs when an employer decides to terminate its relationship with an employee due to a poor fit between the employee and the organization or economic necessity
- Discharges
- Occur when a firm decides there is a poor ‘fit’ between an employee and a the organization
- Layoffs - downsizing and rightsizing
- Downsizing
- Strategy by a company to reduce scale and scope of its business to improve its financial performance
- Rightsizing
Do'stlaringiz bilan baham: |
