Another benefit of a flat hierarchy in an organization chart is an increase ⦠Smoking is the leading cause of heart attacks and heart disease. 1. With a 6% interest rate and a minimum payment of $200 a month, youâll be paying on that loan for 10 more years! Section 6: Implementation: Translating Strategic Direction Into Action 7. Huge reduction in wage costs 2 benefits of Work Specialization. According to a 2016 Forbes article, downsizing from a 3,000-square-foot house to one with 1,000 square feet could reduce your monthly electric bill by as much as $200. A systematic effort to make an organization leaner by selling off business units, closing locations, or reducing staff. University of Florida, Institute of Food and Agricultural Sciences Extension outreach is a partnership between state, federal, and county governments to provide scientific knowledge and expertise to the public. The types of employee turnover include ___________. A process used to translate customer needs into a set of optimal tasks that are performed in concert with one another. As downsizing is a process where the company makes changes in its structure and operations, it does have its own advantages and disadvantages. 1. decreases in employee health and motivation. From 1 July 2018, if you are 65 years old or older and meet the eligibility requirements, you may be able to choose to make a Not all changes lead you to pleasant periods of life. Layoffs become just one tool in a portfolio of alternatives to improve firm performance. Which of the following makes involuntary turnover potentially more costly than a similar level of voluntary turnover? A. 6. benefits the health of pregnant women and their fetuses and babies. Quiz 6: Managing Employee Separations,Downsizing,and Outplacement. Most homeowners spend roughly $9,000 a year on home maintenance and improvements. Being able to clean the house quickly as compared to larger homes - less to care for. Downsizing costs and turnover costs hidden in time demands. One of the major benefits of downsizing is the ability to shunt a vast amount of chores and maintenance obligations. 4 points Question 2 1. One way to do this is by using a little bit of common sense. decentralization makes it easier to address __________ quickly, does centralization or decentralization usually result in better decisions, does centralization or decentralization usually result in employees feeling less alienated. Understanding what is driving your decision will help you in determining your downsizing strategy, whether that means moving into a smaller home, an in-law apartment or a 55-and-older community. The first strategy for improving employee retention is to _____________. The agriculture industry is a prime example. Bureaucracy - 4 characteristics ... 2 advantages of downsizing. A smaller mortgage. It is sometimes referred to as "trimming the fat". Like half the mortgage. Economic separation costs associated with voluntary turnover include ________. This includes major changes in management philosophy and HR programs. Learn downsizing with free interactive flashcards. The outsourced vendors also have specific equipment and technical expertise, most of the times better than the ones at the outsourcing organization. A. focus on core businesses, eliminating peripheral ones ... One problem that has been shown to accompany downsizing is _____. Section 5: Setting Strategic Direction 6. You can find a smaller house or, free from the constraints of your career, you can move to another less expensive community. 50-100 people. Focus on Departments. People prefer a dollar in cash over a dollar's worth of any specific commodity C. The legislation passed during the Great Depression was not conducive to benefits D. Benefits are covered by wage and price controls C) an employee ceases to be a member of an organization. Recommendations for the effective design and use of a performance appraisal or management system include that ____________. B. Section 1: Leadership Strategies 2. Downsizing should be initiated from the top 2. use downsizing more strategically as part of an overall workforce strategy. One of the benefits of downsizing is: higher customer satisfaction. Downsizing refers to the revaluation or splitting of the organization's common stock. c. When downsizing, outplacement programs can help the downsized employees find jobs. The first strategy for improving employee retention is to _____. reduces the financial burden that smoking places on people who smoke, healthcare systems, and society. A. It took her several years after the children were gone to even entertain the notion of moving. Your risk of a heart attack declines within 24 hours. Which of the following is a suggestion for conducting an appropriate exit interview? Letâs say you owe $18,000 on your student loan. Quitting can lower your blood pressure and heart rate almost immediately. If your children have left home or if you have too much space, you might be looking to downsize. A)Downsizing results in greater safety for employees because there are fewer employees to monitor. Another benefit of downsizing is that it frees up employees to work in other areas. d. The best strategy for downsizing is to establish a tall organizational structure as quickly as possible. Recession: Poor economic conditions may spur a business to downsize to stay afloat or maintain profitability. Executive Summary Introduction 1. Which of the following is a potential benefit associated with downsizing? Unfortunately we do not live in fairy tale and sad things happen, too. An employee's intention to leave an organization is influenced by __________. One problem that has been shown to accompany downsizing is _____. He even flew back from Colorado to have one last look at his room. What are some Economic Separation Costs associated with Voluntary Turnover? The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981. For example, a sales team of 100 people might be able to operate effectively after a 30% job cut. Economic costs associated with downsizing include ___________. 4. Downsizing typically leads to increased employee morale. We hadnât gone in for refis and cash-outs during the boom, so our monthly nut was not even close to onerous. Section 2: Communications 3. There are many important benefits to downsizing: 1) Huge Financial Benefits of Reducing Your Mortgage Burden Through downscoping, he intends to reduce costs, tighten strategic controls, and improve performance. B)Downsizing results in lower levels of job satisfaction,which results in lower safety motivation. Special attention should be paid to both those who lose their jobs and to the survivors who remain in the organization Thomas Terrific, aged 59 years, and other employees were terminated by Northwest Power, Inc. due to corporate "downsizing." simple structure becomes ineffective at what size. B) global competition increases beyond labor supply. Efficiency - quickly learn repetitive skills, less time changing tasks, Boredom, stress, low productivity, high turnover, increased absenteeism, less creativity, Subordinates should have only one superior, Assignment of authority to another person to carry out specific duties, Who has the right to give orders and expect them to be obeyed. Some questions to consider: Section 4: External and Internal Information 5. While quitting earlier in life yields greater health benefits, quitting smoking is beneficial to health at any age. Downsize: A downsize refers to reducing the size of a company by eliminating workers and/or divisions within the company. ; Industry decline: If a business's specific industry is facing a crisis due to technological or other difficulties, reducing costs may be a necessity. Benefits to downsize your home: 1. What are some Guidelines for increasing Job Satisfaction and Retention. I know this is another one that is probably pretty apparent, but the numbers for us were significant. Decreased Heart Risks. If youâre working hard to kick debt to the curb, downsizing your home is a huge way to crank up your intensity. Which of the following is a potential benefit associated with voluntary employee turnover? If youâre thinking about downsizing, take stock of why and how the change will factor into your everyday life. In 1900 it took 95 out of every 100 people to feed the country. C)Downsizing results in more job insecurity,which produces more turnover and sick days. that it is a recruiting edge. decreases in employee health and motivation. Less stress; Downsizing will enable you to reduce your monthly mortgage payments. Which of the following is a common tool to assess employee reasons for leaving? e. Losing staff: Effectively the tasks can be completed faster and with better quality output. Workforce reduction must be selective in application and long-term in emphasis 3. Overcoming the tough period will make you stronger. Exit interviews can be used to explain _________ to departing employees. One shift at a time, small changes will eventually lead you to the desired big one. Six key elements when organizations design their structure: What degree are tasks subdivided into separate jobs? a more loyal and productive workforce. You could easily spend that money on two or three all-out vacations. The EEOC considers an employer guilty of sexual harassment if the employer knew about harassment activity but failed to take any corrective action. Downsizing means that you sell your current home to purchase a less expensive home. Degree to which jobs within the organization are standardized. ; Merger: Downsizing may also occur during a merger between two companies, or in an acquisition of one company by another. An employee separation occurs when: A) employee turnover reaches maximum capacity. Can have a powerful effect on quality of products, customer service and employee development. Which of the following is a potential benefit associated with downsizing? The degree to which decision making is concentrated at a single point in the organization. D) technologies are introduced into a new industry. Employee attitudes, sickness absences, lower concentration on the job, and lower creativity. Or possibly eliminate them entirely. Section 7: Performance Evaluation And Reporting 1. Terrific applied for more than 30 of these positions, but he was never rehired. Progress. D. Agency Contacts and Othe⦠For us this was also huge. But I donât think itâs gender specific. So the emotional part of downsizing was not a big issue for me. b. Downsizing is a difficult but often necessary maneuver companies must use to save labor costs and preserve business resources. 2. Low formalization means employees have more, Organizations are moving to more _____ structures with ____ chain of command, ______ span of control, decentralization, and _____ formalization, Low degree of departmentalization, wide span of control, little formalization, centralized, simple structure works better in big or small companies, it relies on one person to make all decisions, simple structure becomes ineffective at what size, Highly routine tasks, formalized rules, centralized authority, narrow span of control, Can perform standardized activities in an efficient manne, There is an obsessive concern with following rules, employees in matrix orgs have _____ bosses. All of the employees who were laid off as a result of the closing were promised preferential treatment for other jobs at Time, Inc. The University of Florida (UF), together with Florida A&M University (FAMU), administers the Florida Cooperative Extension Service. Another effective approach for strategically downsizing a business is to focus on specific departments while ringfencing others. Section 3: Advance Planning and Preparation 4. Facilitates coordination when there are many activities. Strength. The degree to which decision making is distributed to lower level employees. A. focus on core businesses, eliminating peripheral ones. Swiftness and Expertise: Most of the times tasks are outsourced to vendors who specialize in their field. Training Available to Federal Managers 3. 7. Improved communication. Like there is actually a chance we can pay this thing off. Advantages of Downsizing in a Company. Clearly the downsizing of the telephone industry has increased productivity, as well as cut costs to the consumer. Outsourcing is an agreement in which one company contracts a service bureau to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another.. In other words, we need to rephrase as negative and positive aspects of downsizing. 4. Organizational structure defines how job tasks are formally. C. Government Resources 4. The tax treatment of benefits programs is less favorable for employees than the tax treatment of wages and salaries B. Choose from 76 different sets of downsizing flashcards on Quizlet. My son was devastated when we sold the house. a. ... Quizlet Live. But it was for Tricia. Efficiency - quickly learn repetitive skills, less time changing tasks ... it relies on one person to make all decisions. Changes trigger progress. Finding your dream home can be a challenge. But many of these heart risks can be reversed simply by quitting smoking. improved efficiency. Downsizing Resources on the Internet 2. The Pros of Downsizing. We had what I called a âgirlishâ mortgage on our big house. Team Structure is breaking the boundaries _____, Virtual Organizations are breaking the boundaries _____, Team structures also require employees to be _____ as well as _______, A continually evolving network (alliance) of independent companies linked together to share skills, costs, and access to one another's markets, Companies give up operational and strategic control to work together, An organization that seeks to eliminate the chain of command, have limitless spans of control, and replaces departments with empowered teams, The Boundaryless Organization organizes experts into ________, and _______ them to make decisions. The interviewer should prepare for each interview by reviewing the interview format and the interviewee's personnel file. Benefits of Downsizing Employees: 1.
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