Over half of all companies that respond to changing market conditions by reducing staff never achieve the hoped-for positive bottom line impact. Leathers Milligan-OI Partners consultants can help you evaluate all of the available options for responding to changing conditions. Companies often find they can actually achieve the savings they need while keeping their workforce and critical know-how intact.
Sometimes a workforce reduction is unavoidable, but one that is poorly planned or mishandled will have devastating and lasting effects on the organization; litigation costs will escalate, productivity will decrease and voluntary turnover will increase. It will be harder to attract top talent and your brand can be badly damaged.
Leathers Milligan can help mitigate these effects by reviewing the demographics of the affected employees, assisting with severance package design, helping craft appropriate internal and external messages, structuring the notice delivery day, preparing the termination messages, training your staff to properly deliver termination notices and providing on-site support to exiting employees on the day of notice. Our consultants can also work with you after the event to help your company adjust to a post workforce reduction environment. A properly managed workforce reduction will mitigate losses of productivity, increases in voluntary turnover and increases in wrongful termination litigation that are common by-products of a reduction in workforce.
Your company will be judged not on having done what is “legal,” but rather on the perception of how “fairly” it has treated the people affected by the terminations. Leathers Milligan consultants help assure that verdict is positive. And, with our global offices, we have the footprint to help just about anywhere in the world.