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Hrm 548 Week 5 Task 1

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Running head: DOWNSIZING 1 HRM 548 Week 5 Task 1 Instructor name Student name Date DOWNSIZING 2 Downsizing Downsizing means to reduce the number of employees currently working in an organization. This is done to reduce the total expenses of an organization. The important information which can help in making the good decision is the number of employees to be reduced, the skills and competencies required presently and in future. Firstly, the manager must identify the number of employees he wants to reduce. The figures must be finalized after getting consent from higher authorities. At this stage, a brief analysis must be done in terms of the expenses, the organization wants to save. Simply considering the present skills is not enough as the organization will be downsized in the future. The manager must thoroughly analyze what skills a particular employee is having, are the skills imp ...
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