article thumbnail

The Right Way to Cut Costs

HR Digest

Instead of outright layoffs, you may explore alternatives such as attrition or offering voluntary early retirement packages. Another option is to outsource certain tasks or functions to external providers. It is important to consider the impact on employee morale and the overall productivity of the remaining workforce.

Cost 105
article thumbnail

How to Solve Complex Problems Fast

Skip Prichard

Set an aspirational stretch goal that is within reach, but only if things change. Good execution requires a “Sharp focus and commitment to a few clearly identified goals.” They are: Sharp focus and commitment to a few clearly identified goals. Don’t treat your stated strategy as a given if it’s not.

Sull 70
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

9 Reasons Your Leadership Development Program is Failing

Nathan Magnuson

“Belief in the cause” can’t be outsourced. Regardless, your LDP should have stated goals with specific success indicators that are measurable, such as higher bench strength, higher engagement scores, lower attrition, etc. No Organizational Leadership Vision. As stated, your organization is unique.

article thumbnail

Case Study: The Costs and Benefits of a Strong Culture

Harvard Business Review

Sure, Parivar was growing — in revenue, profitability, and reputation — but it was still much smaller than companies like Infosys, HCL, and other leading global providers of low- to midrange business-process outsourcing services. She felt queasy thinking about it and dreaded delivering the most recent attrition numbers to Sudhir.

article thumbnail

Case Study: Can a Work-at-Home Policy Hurt Morale?

Harvard Business Review

As general manager of the Noida, India, office of KGDV, a global knowledge process outsourcing (KPO) company, she had always encouraged healthy debate on her team, but she was surprised that her head of human resources, Vijay Nayak, and her top project manager, Matt Parker, were going at it in the hallway.

article thumbnail

Why Trump Doesn’t Tweet About Automation

Harvard Business Review

He’s been unalterably opposed to both outsourcing and big trade deals like NAFTA and the Trans-Pacific Partnership (TPP) because of the U.S. Yet economists, including the MIT labor economist David Autor , argue that automation is a much greater factor in manufacturing job loss than outsourcing or trade deals is.