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Downsizing with less pain (Retrenching people in times of COVID-19)
May 26 @ 9:00 am - 12:00 pm₱1000 – ₱2000
COVID – 19 virus has impacted the global market! It shutdown world economy, paralyzed domestic and international travel, closed down schools, malls, churches, mosques, bars restaurants, and all businesses. In the Philippines, Enhanced Community Quarantine (ECQ) has destroyed our consumption-driven economy. This institutionalizes social distancing, it enhanced Work From Home (WFH) practice, promotes distance learning through Zoom platform, and heightens the rise of e-commerce.
This lockdown high has resulted in the unemployment rate – 2.5 million jobless, permanent closure of some businesses, and also puts in danger the survival of MSMEs which comprise 99.6% of total business enterprise that employs about 60% of the total workforce.
Employers face the dilemma of retrenching people for their businesses to survive. But the challenge to this how-to retrench people at this time?
Retrenching people is the most challenging job of any manager. Deciding who will go and breaking the sad news is not easy. No manager loves to do it, and no company goes unscathed in the process.
People who lose their jobs will be angry, bitter, and feel a sense of betrayal. They and their families are faced with the loss of a job as well as severe financial and emotional pain. Survivors may also feel unhappy and uncertain about the future. Morale will be low and productivity suffers.
Downsizing may be caused by many factors such as a bloated workforce, economic downturn, automation, mergers/consolidation, restructuring, or fierce competition. The euphemism is “reengineering,” a bloodless term for corporate bloodletting. But whatever it is called, it hits employees like a bombshell. It can be the most unsettling and disruptive event which sometimes, if not managed well, could lead to union organization, strike, or even violence.
There are ways to soften the blow in this heart-wrenching human drama and minimize, if not, avoid lawsuits. Survivors can also continue to be engaged and focused on their jobs or newly-designed or expanded jobs.
Atty. Noli Payos, a grizzled veteran on downsizing will handle this program. He will share with you his long experience in the corporate world on manpower cost-cutting with less pain. The strategies and the manner of executing the retrenchment plan can ease workplace tension, reduce the risk of lawsuits, and improve job performance among surviving workers. Benefits even spill over to the customers who interact with shell-shocked employees.
The seminar-workshop will be laced with examples of viable options on retrenchment or redundancy exercise, strategies, the economics of labor reduction, a case study and a legal clinic at the end of the two-day session.
At the end of the program, participants will be able to:
- To know the strategies and tactics of downsizing within the bounds of law and best practice;
- To be aware of the different modes of workforce reduction and their advantages and disadvantages;
- To appreciate the computation of the cost-benefit ratio of corporate downsizing as basis for its top management and board approval;
- To understand the different structured approaches to staff reduction to mitigate its adverse impact to employee morale and productivity
- Legal Parameters on Termination/Downsizing
- Review of the Causes of Downsizing
- Developing a Strategy and Plan for Downsizing
- Communication Techniques
- Alternative Ways of Downsizing
- Managing Problems on Implementation
- Economics of Downsizing
- Case Study/Workshop
- Coping with Post-Separation Stresses
- Open Forum and Legal Clinic
- Case studies
May 26, 2020 (9:00 a.m. – 12 n.n.)
May 29, 2020 (9:00 a.m. – 12 n.n.)
ECOP member – Php 1,000.00
Non-member – Php 2,000.00
You may get in touch with the following contact persons to register:
Ranulfo P. Payos Sr., LLB, DPM
He is currently the Chairman of Change Management International, Inc – a management consulting firm. He began his career as a law practitioner but spend most of his professional life in human resources management. He worked mostly with multinational companies such as Philippine Electrical Manufacturing Company (PEMCO), a G.E. affiliate company as Employee Relations Manager and Corporate Secretary; American Hospital Supply (AHS) Philippines as Corporate Director; and General Motors, Philippines, Inc., as Personnel Manager and Corporate Secretary. He retired from Eastern Telecommunications, Inc., a then British affiliate of Cable and Wireless, as Senior Vice President of Human Resources/Administration and Corporate Secretary.
Active in the lecture circuit, he lectures on Human Resource Management and Labor Relations at People Management Association of the Philippines (PMAP), Employers Confederation of the Philippines (ECOP), U.P. School of Labor and Industrial Relations (UP SOLAIR), and at some selected companies’ in-house programs. He was past lecturer on Corporate Governance at the De La Salle University Graduate School of Business at RCBC in Makati.
He is presently one of the vice presidents of ECOP and vice president of ECOP Institute of Productivity and Competitiveness (EIPC). He was past president of People Management of the Philippines (PMAP) for two terms and past president of the Society of Fellows in Personnel Management. He was past member of the Board of Regents of Rizal Technological University. He was reappointed by President Benigno Aquino to be the commissioner of the Tripartite Voluntary Arbitration Advisory Council (TVAAC) and past director of the Technical Education and Skills Development Authority (TESDA), representing the employer sector. He was also past member of the Society of Human Resources Management (SHRM) of the United States of America.
A lawyer by profession, he took Master in Business Administration – Senior Executive Program (MBA – SEP) studies at the Ateneo de Manila University Graduate School of Business, continuing management education programs in the U.S.A and Cranfield School of Management in the United Kingdom. He regularly contributes articles to the People Magazine, PMAP’s official publication and Employers Confederation of the Philippine’ (ECOP) Employer’s Magazine and newsletter. He is the co-author of the book, Personnel Management in the 21st Century, a revision of the book originally written by the late founder of PMAP, Perfecto S. Sison.
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