The Headcount Solution

Most organizations find themselves faced with the difficult task of downsizing at some point in their life cycle. The Headcount Solution is the only book that offers managers both alternatives to downsizing and the practical steps necessary to carry out layoffs with fairness and compassion. Including best practices from major public and private corporations, this practical guide offers effective cost-cutting measures and explains how to rebuild employee morale and motivation after a downsizing. This groundbreaking book introduces you to a new kind of management thinking that will allow your company to reduce costs but also sustain a competitive advantage, now and in the future.

N. Fredric Crandall, PhD, and Marc J. Wallace Jr., PhD, are founding partners of the Center for Workforce Effectiveness based in Northbrook, Illinois. Dr. Crandall is a frequent speaker to such groups as the American Management Association and World at Work. He is the author of Work and Rewards in the Virtual Workplace. Dr. Wallace has consulted across numerous industries and his research findings have been published in over sixty articles. He has coauthored nine books on management and human resources that have been used by over one million students.

Preface	p. ix
Acknowledgments	p. xi
The Headcount Dilemma
Why the Easy Solution to a Business Crisis--Layoffs--Is Not Necessarily the Best Solution	p. 3
What Companies Are Doing to Cut Costs and Keep Their Best People	p. 25
Leadership During a Crisis: How to Maintain Morale and Keep Your Best People	p. 33
The Headcount Solution: How to Cut Compensation Costs
Step 1: Prepare Your Organization for What's in Store	p. 49
Step 2: Plan for Three Rounds of Compensation Cost Cutting	p. 67
Step 3: Decide Whom to Cut and Whom to Keep	p. 91
Step 4: Implement Across-the-Board Cuts	p. 113
Step 5: Implement Alternative Work Arrangements	p. 131
Step 6: Implement Layoffs	p. 149
Step 7: Help Survivors Cope and Get Back to Business	p. 179
Sample Employment Termination Agreement for an Individual 40 Years of Age or Older	p. 193
Sample Employment Termination Agreement to Be Used for More Than One Individual 40 Years of Age or Older	p. 199
Sample Speech: Announcing a Company Crisis (Round 1 of Cost Cutting)	p. 205
Sample Speech: Announcing Alternative Work Arrangements (Round 2 Of Cost Cutting)	p. 213
Sample Speech: Layoff Announcement (Round 3 of Cost Cutting)	p. 219
Glossary	p. 225
Index	p. 229
Table of Contents provided by Syndetics. All Rights Reserved.

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The Headcount Solution

Summary

Author Biography

Table of Contents

Supplemental Materials