Natural attrition: the organic way to downsize
Posted by By gnapartners at 6 July, at 14 : 07 PM Print
Click here to read "Natural Attrition."
G&A Partners’ COO and co-founder John Allen often serves as a guest writer for The Houston Business Journal. His byline in the Journal last year concerned natural attrition as a way to downsize while avoiding layoffs.
Natural attrition makes sense in situations where massive layoffs (above 25% of your workforce) are not necessary:
U.S. companies lose an average of 23 percent of their work force annually due to voluntary turnover.
Instead of letting go of under performers, Allen recommends holding onto top performers:
So how can you execute organic downsizing effectively? Four words: Retain, retrain, recognize, and reward.
The article may be from 2009, but the strategies Allen outlines are still effective in today’s economy. Click here to read the entire article.
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