Downsizing with Less Pain: Retrenching People in Times of COVID-19
May 27 @ 9:00 am - 12:00 pm
One event on May 27, 2021 at 9:00 am
The COVID-19 pandemic has impacted the global market. It shut down the world economy, paralyzed domestic and international travel, closed down schools, malls, churches, mosques, bars restaurants, and almost all businesses. In the Philippines, Enhanced Community Quarantine (ECQ) has destroyed our consumption-driven economy. The pandemic led to the implementation of social distancing, work-from-home arrangement (WFH) schemes, distance learning through Zoom platform, and led to the of e-commerce.
The lockdown resulted to millions of lost jobs, permanent closure of some businesses, and also put in danger the survival of MSMEs which comprise 99.6% of total business enterprises that employ about 60% of the total workforce.
Employers face the dilemma of retrenching people for their businesses to survive. But the challenge to this is 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 livelihood that could lead to 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.
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:
- know the strategies and tactics of downsizing within the bounds of law and best practice
- be aware of the different modes of workforce reduction and their advantages and disadvantages
- compute cost-benefit ratio of corporate downsizing as basis for its top management and board approval
- 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
- Online workshop
Atty. Ranulfo (Noli) P. Payos was a lecturer in the De La Salle Professional School, Inc. Graduate School of Business’ corporate governance program. He is the Chairman of a management consulting firm, Change Management International, Inc. He is the Vice President of the Employers’ Confederation of the Philippines (ECOP) and Vice President of ECOP Institute of Productivity and Competitiveness (EIPC). Likewise, he was a former member of the Board of Directors of the Technical Education and Skills Development Authority (TESDA) as a representative of the employer sector.
He was.appointed by President Benigno Aquino III as Commissioner of the Tripartite Voluntary Arbitration Advisory Council (TVAAC) and is currently a member of the Tripartite Industrial Peace Council (TIPC) and Tripartite Executive Committee (TEC) An awardee of People Manager of the Year in 1987, he is a Diplomate in Personnel Management and was elected President of the People Management Association of the Philippines (PMAP) for two terms. He was a former member of the Board of Regents of Rizal Technological University. He also elected President of the Society of Fellows in Personnel Management. He was a former member of the Society of Human Resources of USA (SHRM).
Atty. Payos has had 31 years of professional experience in Human Resources Management occupying senior executive positions in several multinational companies until his retirement in 1994 as Senior Vice-President of Human Resources and Administration and Corporate Secretary of Eastern Telecommunications Philippines, Inc. He also held leadership positions in various professional and civic organizations. Moreover, he took up MBA studies and continuing management education and training programs in several reputable schools and institutions in the Philippines, U.S.A., and the United Kingdom. He has also attended international conferences on human resources management and labor relations in the U.S.A., ASEAN countries, Japan, Australia, Hongkong, Korea, Switzerland, Italy, and Ireland. He was 6 times employers’ delegate to the International Labor Conference (ILC) in Geneva, Switzerland. His areas of expertise lie in Human Resource Management, Labor Relations, Training and Development, Manpower Planning, Executive Selection and Placement, Corporate Communications, Job Evaluation, and Performance Management.
He is a co-author of the book “Personnel Management in the 21st Century” – a revision of the book originally written by PMAP founder and first President, entitled “Personnel Management.” and author of the newly-minted book, “Human Resource Management – From the Practitioner’s Point of View.”
May 24 and 27, 2021 from 9:00 a.m. to 12:00 n.n. via Zoom and ECOP eCampus (2-day program)
Regular Price/Non-member Rate: PhP4,000.00.00
All ECOP members are entitled to a member-rate discount using a coupon code. To get a code, kindly contact our Training Department at [email protected]
- The training slot is confirmed only upon receipt of payment. Only confirmed (paid) participants will be given access to the training.
- The registration fee must be paid not later than two (2) working days before the first session of the training.
- The speaker will make available learning materials that participants will use in this training program. It can be downloaded from our eCampus platform.
- The recorded video of the session will be uploaded in our eCampus platform after each training session.
- Participants will receive e-certificates after the training.
Click here to register
Deadline for Registration: May 20 (Thursday)
Deadline for Payment: May 21 (Friday)
For more inquiries, you may contact us via ECOP Training and Development: [email protected]