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Pay Cuts Vs Downsizing
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Book Synopsis Pay Cuts Vs. Downsizing by : Yeong Joon Yoon
Download or read book Pay Cuts Vs. Downsizing written by Yeong Joon Yoon and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the increase in payroll cost reduction activities, studies comparing the effects of payroll cost reduction methods (i.e. cutting pay and downsizing) on work attitudes (e.g. affective commitment and job satisfaction) have been limited. This three-paper dissertation compares the effects of cutting pay and downsizing on work attitudes of remaining employees. The studies in Paper 1 of this dissertation compare the main effects in this comparison. The results demonstrate that employees whose pay is cut, compared to survivors of downsizing, exhibit less positive pay-related perceptions and work attitudes while they exhibit more positive job security-related perceptions. The studies in Paper 2 identify trust in management as a moderator in this comparison. When the level of trust in management is low, employees who had their pay cut exhibit lower levels of work attitudes than employees who survived downsizing. When the level of trust in management is high, on the other hand, employees who had their pay cut did not exhibit lower levels of work attitudes than employees who survived downsizing. Moreover, when the level of trust in management is high, employees whose pay is cut experience stronger perceptions of job security than those employees who survive downsizing. Lastly, the studies in Paper 3 identify sector as a moderator in this comparison. In the private sector, survivors of downsizing exhibited higher levels of work attitudes relative to employees whose pay was cut. In the public sector, on the other hand, there was no significant difference in the levels of work attitudes between employees whose pay was cut and employees who survived downsizing. The papers in this dissertation first demonstrate that cutting pay, compared to downsizing, better maintains perceptions of job security but does not as well maintain pay-related perceptions. When work attitudes are examined, the papers overall demonstrate that downsizing better maintains work attitudes than cutting pay. Lastly, the papers also demonstrate that pay cuts can be a more feasible alternative to downsizing in terms of maintaining work attitudes of remaining employees in the public sector and when the level of trust in management is high.
Download or read book Downsizing written by Peter R. Garber and published by Human Resource Development. This book was released on 2008 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does your organization have an immediate need to reduce the number of employees? Do you plan to downsize in the future? Downsizing will force you to think about the human side of workforce reductions and make downsizing with dignity your ultimate goal. Author Peter Garber will not only help you implement a reduction of force in your organization. He also will present important factors you must consider as you go through the process. How do you ensure each person is treated with respect and dignity? Garber gives his insight into this sensitive area as well as advice such as: Don¿t blame yourself, focus on what you can control, develop a plan and don¿t make things worse for employees. Get answers to such questions as: When should you make a public announcement? Will you have to re-assign employees who are staying to pick up the slack? How will employees be informed? What should you tell employees about long-term job security? How can you ensure a legally defensible plan? How can you restore morale moving forward? The book concludes with a checklist of the principal tasks involved in a downsizing initiative. This book is part of the HR Skills Series.
Book Synopsis Reinvorgating [sic] the Employees After Downsizing, Salary Cut Or Fringe Benefits Cut by : Mei-Yan Priscilla Suen
Download or read book Reinvorgating [sic] the Employees After Downsizing, Salary Cut Or Fringe Benefits Cut written by Mei-Yan Priscilla Suen and published by . This book was released on 1999 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Do Employees Regard Wage Cuts and Layoffs as Opportunistic? by : John David Simpson
Download or read book Do Employees Regard Wage Cuts and Layoffs as Opportunistic? written by John David Simpson and published by . This book was released on 1991 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Downsizing - Efficiency or Greed by : Benjamin Robert Sill
Download or read book Downsizing - Efficiency or Greed written by Benjamin Robert Sill and published by Pendragon. This book was released on 2018-09-11 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author was a college professor for many years, with experience teaching numerous management courses. Prior to that he worked as a Mckinsey/Bain/Boston Consulting Group type consultant, for IBM, several banks and securities firms, and owned a number of small businesses. Dr. Sill’s education consists of a BS with a teaching certification, an MBA from Hood College, and Doctoral research in Strategy with a specialty in downsizing. He has studied at Ecole Superieure de Commerce de Grenoble in France, Henley Management College in England, Newcastle University in England, and Horizons University in France. He has a doctorate in International Business from Horizons. He is dead set against the “winner take all” mentality and wonders if the “going for the jugular” attitude isn’t overrated. Brains, innovation and curiosity are all admirable traits, but wouldn’t the world be a better place with a little kindness? Bob is currently retired and a widower. Spending time with, and encouraging, his two grown children is a pleasure and priority.
Download or read book Downsizing written by Cary L. Cooper and published by Cambridge University Press. This book was released on 2012-04-19 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: Downsizing is one of the most frequently used business strategies for reducing costs, returning firms to profit or for restructuring businesses following takeovers, mergers and acquisitions. Downsizing measures are also set to become much more prevalent in the public sector as governments seek to restrict levels of public spending. This book is one of the first to provide a thorough study of downsizing from a global perspective. It examines the phenomenon in its entirety, exploring how it is initiated and what the process of downsizing looks like. It also looks at the effects of downsizing at a number of different levels, from the individual (e.g., motivational effects, effects on health and stress levels) to the organizational (e.g., financial outcomes, reputational and productivity outcomes). Written by an international team of experts, the book provides a comprehensive overview of downsizing that examines both the strategic and human implications of this process.
Book Synopsis Responsible Restructuring by : Wayne Cascio
Download or read book Responsible Restructuring written by Wayne Cascio and published by ReadHowYouWant.com. This book was released on 2011-08-18 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using real - life illustrations of successful, responsible restructurings at companies such as Charles Schwab, Cisco, Motorola, and Intel, this book provides alternatives to downsizing....
Book Synopsis Worth It: How a Million-Dollar Pay Cut and a $70,000 Minimum Wage Revealed a Better Way of Doing Business by : Dan Price
Download or read book Worth It: How a Million-Dollar Pay Cut and a $70,000 Minimum Wage Revealed a Better Way of Doing Business written by Dan Price and published by . This book was released on 2020-04-13 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "$70k CEO" shares why he decided to pay a living wage at his company and urges entrepreneurs and other leaders to use their values to make better business decisions.
Book Synopsis Young House Love by : Sherry Petersik
Download or read book Young House Love written by Sherry Petersik and published by Artisan. This book was released on 2015-07-14 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This New York Times bestselling book is filled with hundreds of fun, deceptively simple, budget-friendly ideas for sprucing up your home. With two home renovations under their (tool) belts and millions of hits per month on their blog YoungHouseLove.com, Sherry and John Petersik are home-improvement enthusiasts primed to pass on a slew of projects, tricks, and techniques to do-it-yourselfers of all levels. Packed with 243 tips and ideas—both classic and unexpected—and more than 400 photographs and illustrations, this is a book that readers will return to again and again for the creative projects and easy-to-follow instructions in the relatable voice the Petersiks are known for. Learn to trick out a thrift-store mirror, spice up plain old roller shades, "hack" your Ikea table to create three distinct looks, and so much more.
Book Synopsis Responsible Restructuring by : Wayne F Cascio
Download or read book Responsible Restructuring written by Wayne F Cascio and published by Berrett-Koehler Publishers. This book was released on 2002-09-09 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Firms that restructure through downsizing are not more profitable than those that don't, and often end up hurting themselves in the long run. Responsible Restructuring draws on the results of an eighteen-year study of S&P 500 firms to prove that it makes good business sense to restructure responsibly-to avoid downsizing and instead regard employees as assets to be developed rather than costs to be cut. Wayne Cascio explodes thirteen common myths about downsizing, detailing its negative impact on profitability, productivity, quality, and on the morale, commitment, and even health of survivors. He uses real-life examples to illustrate successful approaches to responsible restructuring used by companies such as Charles Schwab, Compaq, Cisco, Motorola, Reflexite, and Southwest Airlines. And he offers specific, step-by-step advice on what to do-and what not to do-when developing and implementing a restructuring strategy that, unlike layoffs, leaves the organization stronger and better able to face the challenges ahead.
Book Synopsis Comparing the Effect of Downsizing and Reducing Pay on Collective Organizational Commitment and Firm Financial Performance and the Role of Investment in Training by : Yeong Joon Yoon
Download or read book Comparing the Effect of Downsizing and Reducing Pay on Collective Organizational Commitment and Firm Financial Performance and the Role of Investment in Training written by Yeong Joon Yoon and published by . This book was released on 2014 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study compares the impact of downsizing and reducing pay on collective organizational commitment and firm financial performance. An examination of organizations operating under a salary schedule system in Korea shows that there is no significant difference between the effect of downsizing and reducing pay on collective organizational commitment and firm financial performance. However, compared to downsizing, reducing pay yields better financial performance for organizations that invest relatively highly in training of their employees through maintaining higher levels of organizational commitment. Keywords: Reducing pay, downsizing, pay reduction, investment in training, labor cost reduction strategy, organizational strategy, psychological contract, configurational approach.
Book Synopsis Why Wages Don't Fall during a Recession by : Truman F. BEWLEY
Download or read book Why Wages Don't Fall during a Recession written by Truman F. BEWLEY and published by Harvard University Press. This book was released on 2009-06-30 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Eschewing "top-down" theorizing, Truman Bewley explored the puzzle by interviewing--during the recession of the early 1990s--over three hundred business executives and labor leaders as well as professional recruiters and advisors to the unemployed. By taking this approach, gaining the confidence of his interlocutors and asking them detailed questions in a nonstructured way, he was able to uncover empirically the circumstances that give rise to wage rigidity. He found that the executives were averse to cutting wages of either current employees or new hires, even during the economic downturn when demand for their products fell sharply. They believed that cutting wages would hurt morale, which they felt was critical in gaining the cooperation of their employees and in convincing them to internalize the managers' objectives for the company. Bewley's findings contradict most theories of wage rigidity and provide fascinating insights into the problems businesses face that prevent labor markets from clearing. Table of Contents: Acknowledgments 1. Introduction 2. Methods 3. Time and Location 4. Morale 5. Company Risk Aversion 6. Internal Pay Structure 7. External Pay Structure 8. The Shirking Theory 9. The Pay of New Hires in the Primary Sector 10. Raises 11. Resistance to Pay Reduction 12. Experiences with Pay Reduction 13. Layoffs 14. Severance Benefits 15. Hiring 16. Voluntary Turnover 17. The Secondary Sector 18. The Unemployed 19. Information, Wage Rigidity, and Labor Negotiations 20. Existing Theories 21. Remarks on Theory 22. Whereto from Here? Notes References Index Reviews of this book: In Why Wages Don't Fall During A Recession, [Truman Bewley] tackles one of the oldest, and most controversial, puzzles in economics: why nominal wages rarely fall (and real wages do not fall enough) when unemployment is high. But he does so in a novel way, through interviews with over 300 businessmen, union leaders, job recruiters and unemployment counsellors in the north-eastern United States during the early 1990s recession...Mr. Bewley concludes that employers resist pay cuts largely because the savings from lower wages are usually outweighed by the cost of denting workers' morale: pay cuts hit workers' standard of living and lower their self-esteem. Falling morale raises staff turnover and reduces productivity...Mr. Bewley's theory has some interesting implications...[and] has a ring of truth to it. --The Economist Reviews of this book: This contribution to the growing literature on behavioral macroeconomics threatens to disturb the tranquil state of macroeconomic theory that has prevailed in recent years...Bewley's argument will be hard for conventional macroeconomists to ignore, partly because of the extraordinary thoroughness and honesty with which he evidently conducted his investigation, and the sheer volume of evidence he provides...Although Bewley's work will not settle the substantive debates related to wage rigidity, it is likely to have a profound influence on the way macroeconomists construct models. In particular, the concepts of morale, fairness, and money illusion are almost certain to play a big role in macroeconomic theory. His demonstration that there exist in reality simple, robust behavioral patters that cannot plausibly be founded on traditional maximizing behabior also raises the prospect of a more empirically oriented, more behavioral macroeconomics in the future. --Peter Howitt, journal of Economic Literature Reviews of this book: I think any scholar interested in labour markets and wage determination should read this well-written, lively, and highly stimulating book...[It] provides a fresh view and a lot of complementary background knowledge about how experienced people in the field see the employment relationship and what is actually crucial. Knowledge of this sort is all too rare in economics, and Truman Bewley's truly impressive study can serve as a role model for future investigations. --Simon G'chter, Journal of Institutional and Theoretical Economics To call this book a breath of fresh air is an understatement. The direct insights are fascinating, and Truman Bewley's use of them is sharp and insightful. Labor economists and macroeconomists have a lot to think about. --Robert M. Solow, Nobel Laureate, Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology Truman Bewley set out to conduct a handful of interviews with business executives to gain some theoretical inspiration, and his project blossomed into over 300 interviews with business people, labor leaders and consultants. He is truly the accidental interviewer of economics. Time and again, he found that workers behave like people, not atomistic, selfish economic agents. His insights will engage and enrage economic theorists and empiricists for years to come. --Alan Krueger, Bendheim Professor of Economics and Public Affairs, Princeton University
Book Synopsis Competition and Structure by : Albert Breton
Download or read book Competition and Structure written by Albert Breton and published by Cambridge University Press. This book was released on 2000-06-05 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume, written by well-known economists and other social scientists from North America, Europe, and, in one case, Australia, share to an unusual degree a common concern with the competitive mechanisms that underlie collective decisions and with the way they are embedded in institutional settings. This gives the book a unitary inspiration whose value is clear from the new understanding and insights its chapters provide on important theoretical and practical issues such as the social dimension and impact of trust, the management of information in bureaucratic settings, the role of political parties in constitutional evolution, inter-level rivalry and reassignments of powers in federal and unitary systems of government, the impact of ethnicity and nationalism on federal institutions or arrangements, and the response of governments and overarching institutions of globalization
Book Synopsis Managing Cuts and New Growth by : Barbara Heitger
Download or read book Managing Cuts and New Growth written by Barbara Heitger and published by Goldegg Verlag. This book was released on 2008 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Examining the Incidence of Downsizing and Its Effect on Establishment Performance by : Peter Cappelli
Download or read book Examining the Incidence of Downsizing and Its Effect on Establishment Performance written by Peter Cappelli and published by . This book was released on 2000 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The interest in examining job security and job stability has been driven in part by the phenomenon of downsizing. The distinctiveness of downsizing, as opposed to more traditional layoffs, is that the job cuts do not necessarily appear to be driven by shortfalls in demand but instead appear to be driven by the search for operating efficiencies. Despite the interest in downsizing, there has been essentially no serious investigation into its causes. I distinguish downsizing from job cuts associated with shortfalls in demand and find that employment and management practices over which employers have control, such as severance pay and profit sharing, are important predictors of subsequent downsizing and more general job losses. Surprisingly, excess operating capacity is not necessarily related to more general job losses at the establishment level. I also examine the relationship between both job losses associated with shortfalls in demand and downsizing and subsequent financial performance. The results suggest, among other things, that downsizing reduces labor costs per employee but also sales per employee. Job cuts associated with excess capacity appear to be somewhat more successful at improving sales per employee than is downsizing
Book Synopsis Federal Downsizing by : U S Government Accountability Office (G
Download or read book Federal Downsizing written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a congressional request, GAO reviewed federal workforce downsizing, focusing on the projected costs and savings from federal workforce buyouts and reductions-in-force (RIF) over a 5-year period. GAO found that: (1) employee buyouts could produce over $60,000 more in net savings over 5 years than RIF for each vacated position because buyouts can be used at higher grade levels that generate more savings in salaries and benefits when downsized; (2) if federal agencies separate retirement-eligible employees who do not displace lower-grade employees, RIF could produce about $29,000 more in net savings over 5 years than buyouts; (3) displacing employees in the same competitive areas but lower-tenure groups or with less service within the same tenure groups reduces RIF savings because those savings represent the salaries and benefits of lower-grade employees; (4) savings from buyouts or RIF could be reduced if the vacated positions are refilled or privatized; (5) federal agencies may need more buyouts than RIF to achieve their downsizing targets because normal attrition slows prior to buyouts; (6) buyouts avoid or reduce the non-economic adverse effects of RIF, such as reduced diversity, decreased productivity, and lower morale; and (7) buyouts may help federal agencies improve diversity, since buyouts typically affect older white males.
Book Synopsis Sticky Wages on the Layoff Margin by : Steven J. Davis
Download or read book Sticky Wages on the Layoff Margin written by Steven J. Davis and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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