Recruitment & Selection Theory Models that Work for the Modern Workplace
Case2 _layoff
1.
2. • Started as small furniture making
company
• Separate Capital for acquisitions
• Kiran Swastik takes over as CEO
in 1996
• High Customer service focus
• Employees treated well
3. • Revenues have dropped
• Profits have dropped
• Facing competition from
cheaper retailers
• 10% of the workforce needs to
be cut
4. • Elaboration Stage - Need for
Revitalization
• Revolutionary Change
• Kiran Swastik has to go through
a change himself
• He has to chose from
any/combination options given
by his board
5. 1. First in first out
2. Rank and yank
3. Last, in first out
4. Lose a unit
5. Pay cut
6. Alternatives
• 4day work weeks
• Unpaid Vacations
• Furloughs
• Pension cuts
• Methods to Cut labour costs
and still maintain labour force
8. • MD needs to be the motivating
leader
Motivate
Bring Transparency
Give new direction to the
company and the people
• Identify the weak links(give
severance pay)
9. Pay cut
Stop new recruitments
Employees need to take a
paycut
Unpaid vacations
Cut down on parties and
expenses
Md needs to loosen his purse