1.Offshoring occurs when an organization moves work to foreign entities : 1416012
1.Offshoring occurs when an organization moves work to foreign entities outside the company.
2.Systematic change is a short-term strategy, whereas work redesign is a medium-term strategy.
(systematic change is a long-term strategy)
3.Outplacement is providing a program of counselling and job-search assistance for workers who have been terminated.
4.Interactional justice refers to the interpersonal treatment employees receive during the implementation of the downsizing decision.
5.A psychological contract is a written commitment between employers and their employees that guarantees job security and rewards for loyal behaviour.
6.“High involvement human resource management” deals with treating people as expenditures.
(treat people as assets)
7.There are three types of restructuring: portfolio, human capital, and organizational.
(portfolio, financial, and organizational)
8.There are three types of downsizing strategies: workforce reduction, work redesign, and systemic change.
9.Many organizations are reactive to downsizing instead of proactive.
10.Downsizing is unlikely to disappear in the future because it helps to alleviate the huge financial burdens facing many organizations.