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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | DOWNSIZING OR LAYOFFS AND ITS IMPACT ON THE HUMAN RESOURCES OF THE ORGANIZATION |
| Authors Name: | Dr. Rita Nagpal |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_200341
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| Published Paper Id: | IJNRD2306565 |
| Published In: | Volume 8 Issue 6, June-2023 |
| DOI: | |
| Abstract: | Downsizing, rightsizing, or laying off employees is a restructuring strategy of the organization. It is a strategically planned removal of larger number of people to increase organizational effectiveness. Downsizing has some immediate results like increased profits, manging credits, avoiding bankruptcy, re-organization, or redesigning, and getting rid of the unproductive or disengaged employees. However, the main disadvantages of layoffs or downsizing is loss of skilled workers, low morale, as the employees experience stress, guilt, or even envy resulting into a negative rivalry in the organisation. Further, layoffs can adversely affect the morale and motivation of the existing employees and also their commitment to the organization, leading to their poor performance. So, it is important for the Human resources (HR) managers to effectively administer the impact of layoffs on the employees of the organization. The impact of the layoff may be long term or short-term depending on the further employability of the person. If the phase of unemployment lasts up to six months or more, it may affect the survival of the person and his family as well. This article provides an understanding of layoffs as well as the impact of layoffs on the employees through digging deep into the existing literature and other survey reports in this field. Further, it explains the role of HR mangers throughout the process of layoffs, to ensure the motivation of existing employees as well as enhancing the overall effectiveness of the organization. This conceptual article attempts to explore various aspects related to layoffs through diving deep into the existing literature. It elaborates the concept and rationale of layoff along with explaining its impact on the human resources of the organization. Further, the article elaborates on the role of HR professional in mitigating the impact of layoffs on the laid off employees as well as on the survivors of layoffs. |
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| Cite Article: | "DOWNSIZING OR LAYOFFS AND ITS IMPACT ON THE HUMAN RESOURCES OF THE ORGANIZATION", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 6, page no.f652-f66, June-2023, Available :http://www.ijnrd.org/papers/IJNRD2306565.pdf |
| Downloads: | 000118756 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID:IJNRD2306565 Registration ID: 200341 Published In: Volume 8 Issue 6, June-2023 DOI (Digital Object Identifier): Page No: f652-f66 Country: -, -, - Research Area: Engineering Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2306565 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2306565 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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