HROB 4060 Lecture Notes - Lecture 7: Distributive Justice, Psychological Trauma, Psychological Contract

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Survivors employees remaining with an org after a downsize. Downsizing strategy a st(cid:396)ategy to i(cid:373)p(cid:396)o(cid:448)e a(cid:374) o(cid:396)g"s effi(cid:272)ie(cid:374)(cid:272)y (cid:271)y (cid:396)edu(cid:272)i(cid:374)g the workforce, redesigning the work, or changing the systems of the organization. Historically the focus of organizations was growth and (cid:862)(cid:271)igge(cid:396) a(cid:374)d (cid:271)ette(cid:396)(cid:863) Downsizing is not restricted to the private sector. Downsizing activities undertaken to improve organizational efficiency, productivity, a(cid:374)d/o(cid:396) (cid:272)o(cid:373)petiti(cid:448)e(cid:374)ess that affe(cid:272)t the size of the fi(cid:396)(cid:373)"s (cid:449)o(cid:396)kfo(cid:396)(cid:272)e, its (cid:272)osts, a(cid:374)d its work processes. Workforce reduction a short-term strategy to cut the number of employees through attrition, early retirement or voluntary severance packages, and layoffs or terminations. Work redesign a medium-term strategy in which orgs focus on work processes and assess whether specific functions, products, and/or services should be eliminated. Systematic change a long-te(cid:396)(cid:373) st(cid:396)ategy that (cid:272)ha(cid:374)ges the o(cid:396)g"s (cid:272)ultu(cid:396)e a(cid:374)d attitudes, a(cid:374)d e(cid:373)ployees" (cid:448)alues, (cid:449)ith the goals of (cid:396)edu(cid:272)i(cid:374)g (cid:272)osts a(cid:374)d e(cid:374)ha(cid:374)(cid:272)i(cid:374)g (cid:395)uality. Portfolio restructuring changes to the orgs business portfolio, investments.

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