Reducing your workforce

In today’s working world, cost-cutting is becoming more frequent and can affect staff morale, productivity and loyalty.

The current economy climate is forcing companies to assess their profit margins V expenditure and implement cost cutting strategies across the whole organisation.

These strategies, whether from the top or the front line, can potentially impact remaining staff, by leaving them with a sense of uncertainty.

“No employee totally relaxes; they are waiting for the next round of cost cutting layoffs - and they're afraid that the next round will include them. During a time of change and uncertainty, you can anticipate predictable issues, problems, and opportunities.” About.com - Human Resources.

Large and small companies are being affected.

If companies like BHP have recently lost “163 jobs in their mine near Muswellbrook”and a further “95 jobs from their BHP Billiton's Mount Arthur coalmine” are due to be lost in the coming weeks, how does it leave other companies feeling?

Will down-sizing and frequent work place changes develop staff ‘immunities to change’ and affect how secure staff may feel about their job?

Cost cutting strategies and change management will be topics up for discussion at the upcoming HR Leaders Resources Summit on the Gold Coast, 8 – 9 October 2014.

If you are a HR Director, service supplier or vendor in the resources sector and would like to receive a VIP invitation to the upcoming Summit, click here to register your interest.

For any further enquiries please contact:

Amiee McCahon

Marketing and PR Director

Media Corp International

Email:amiee@mediacorpinternational.com.au

Telephone: +61 (2) 8188 8500