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The Headcount Solution : How to Cut Compensation Costs and Keep Your Best People
The Headcount Solution : How to Cut Compensation Costs and Keep Your Best People
ISBN: 0071402993
EAN: 2147483647
Year: 2002
Pages: 143
Authors:
N. Frederic Crandall
BUY ON AMAZON
Table of Contents
BackCover
The Headcount Solution - How to Cut Compensation Costs and Keep Your Best People
Preface
Part One: The Headcount Dilemma
Chapter 1: Why the Easy Solution to a Business Crisis - Layoffs - Is Not Necessarily the Best Solution
Introduction
The Downside Of Downsizing
Management Style
Skills and Competencies
Labor Market Conditions
Investment in Employees
Human Capital And Layoffs: Recent History
A Summary Of What Not To Do
Alternatives To Layoffs
Implementing the Headcount Solution
Ten Hard-Won Lessons: Best Practices For Downsizing
1. Begin with a Simple and Direct Plan
2. Make Sure Senior Leadership Is Capable and Committed
3. Create Incentives to Motivate and Keep People through the Crisis
4. Make Across-the-Board Compensation Cost Cuts before Moving on to Alternative Work Arrangements and Involuntary Separations
5. Make sure you follow all legal and regulatory guidelines
6. Find Ways to Keep Good People with Alternative Work Arrangements
7. Conduct Layoffs as a Last Resort
8. Remember That Employees May Have Good Ideas on How to Cut Costs, so Include Them in the Process
9. Act Boldly, Quickly, and Decisively
10. Turn Attention to Motivating the Survivors as Soon as Possible
Summary
Chapter 2: What Companies Are Doing to Cut Costs and Keep Their Best People
Companies That Participated In The Survey
Summary of the Survey Results
How Many Employees Are Affected By Layoffs?
Alternatives To Layoffs
The Importance Of Human Capital
Summary
Chapter 3: Leadership During a Crisis - How to Maintain Morale and Keep Your Best People
How To Motivate People To Stay During A Crisis: The Simple Answer
A Change of Leadership Is Often Required
A Direct Simple Path Forward
Avoid The Temptation To Act Too Quickly
Align Everyone s Interests During A Crisis
Senior Leadership s Criteria For Retaining An Employee
Financial Incentives For Retaining Talent during A Crisis
Lessons Learned
The Seven-Step Process
Summary
Part Two: The Headcount Solution
Chapter 4: Step 1 - Prepare Your Organization for What s in Store
What s In Store
Five Guidelines For Delivering The News
How to Obtain Input from Employees
Solidify Support
What Not To Do
Summary
Chapter 5: Step 2 - Plan for Three Rounds of Compensation Cost Cutting
Three Rounds To Cut Costs: Basic Economics
Round 1: Across-The-Board Cost Cuts
Round 2: Alternative Work Arrangements
Round 3: Layoffs
Raising Your Sights
Summary
Worksheets for three rounds of cost cuts
Round 2: Alternative Work Arrangements
Round 3: Layoffs
Chapter 6: Step 3 - Decide Whom to Cut and Whom to Keep
From Economic Planning To Action
Step 1: Establish Human Capital Priorities
Step 2: Determine The Combination Of Alternative Work Arrangements And Layoffs That Will Best Help The Company
Step 3: Match People With Employment Choices And Move On
Guidelines To Match People With Alternative Work Arrangements
Executing The Headcount Solution
Summary
Chapter 7: Step 4 - Implement Across-The-Board Cuts
The First Round Of Compensation Cost Cutting
What Are Across-The-Board Cost-Cutting Measures?
Why Implement Across-The-Board Cost-Cutting Measures First?
10 Across-The-Board Cost-Cutting Measures
How Much Time Will The First Round Of Cost Cutting Take?
How Much Cost Can Be Taken Out In The First Round?
A Note On Employee Involvement
Summary
Chapter 8: Step 5 - Implement Alternative Work Arrangements
The Second Round Of Cost Cutting: Creative Alternatives To Layoffs Are Win-Win For The Company And Employees
Innovative Alternatives Are Not Bound By Industry Or Location
The Four Alternative Work Arrangements
Employee Skills And Competencies Needed
Management And Supervisory Skills Needed
What To Expect With Alternative Work Arrangements
Summary
Chapter 9: Step 6 - Implement Layoffs
The Third Round of Cost Cutting
The Hardest Thing A Manager Will Ever Do
The Employee View Of Layoffs 2
The Severance Package
Damage Control
Keeping The Door Open
Summary
Sample Letters To Comply With WARN
Sample Notice of State Dislocated Workers Unit, Issued Pursuant to WARN
Sample Letter to Local Official
Sample Letter to Union Representative of the Affected Employees
Chapter 10: Step 7 - Help Survivors Cope and Get Back to Business
Rebuilding The Work Force
Creative Ways To Reward The Survivors
Getting Back To Business
Summary
Appendix A: Sample Employment Termination Agreement for an Individual 40 Years of Age or Older
Appendix B: Sample Employment Termination Agreement to Be Used for More Than One Individual 40 Years of Age or Older
Appendix C: Sample Speech - Announcing a Company Crisis (Round 1 of Cost Cutting)
Our Game Plan
How Will This Affect Me?
What Am I Asking Of You?
Appendix D: Sample Speech - Announcing Alternative Work Arrangements (Round 2 of Cost Cutting)
How Will This Affect Me?
Appendix E: Sample Speech - Layoff Announcement (Round 3 of Cost Cutting)
Glossary
S-W
Index
Index_B
Index_C
Index_D
Index_E
Index_F
Index_G
Index_H
Index_I
Index_J
Index_K
Index_L
Index_M
Index_N
Index_O
Index_P
Index_Q
Index_R
Index_S
Index_T
Index_U
Index_V
Index_W
List of Figures
List of Tables
The Headcount Solution : How to Cut Compensation Costs and Keep Your Best People
ISBN: 0071402993
EAN: 2147483647
Year: 2002
Pages: 143
Authors:
N. Frederic Crandall
BUY ON AMAZON
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Appendix J VBA Features not in VBScript
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Cultural Black Holes
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