During seasons of economic uncertainty, business owners must sometimes make difficult decisions about their workforce. In some cases, this might mean putting a freeze on new hires or even considering a possible layoff.
This “downsizing” mindset is very much at odds with current HR practices, which focus on employee development, retention, and long-term engagement. That’s why many team building experts now advocate for an approach known as rightsizing, which may be a viable alternative to downsizing.What’s the difference between downsizing and rightsizing?Basically, downsizing is all about taking action to reduce your workforce, and thereby to reduce the expenses that come with your workforce. Think
