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Handling layoff’s May 23, 2008

Posted by Coolguy in Management.
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With the US economy in recession, everyday slew of employees are being laid-off, particularity in the finance sector. Here is my take on how you can monitor for rebound of the economy.

This is a quick list of do’s and don’ts for those in unfortunate position of having to let your teams go :

  • Explain why layoff’s are happening. Show numbers. That will atleast show them whats motivating it.
  • Don’t blame external factors. Its your job to monitor them.
  • Set and communicate a timetable for when they will be carried out. Be specific in plans.
  • Have counselors on-site to help employees deal with emotional aspect
  • Engage career counselor’s and let your staff know that they will be available
  • Do inform them personally. Email/SMS are terrible choices.
  • Don’t withhold information any longer than necessary.
  • Move swiftly once you announce the plan.
  • Take measures to motivate the employees you are keeping. Provide clear details on targets and plans you will achieve by the change.
  • Have alumni networks available for people leaving. They can help people make new contacts and find another job.
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RACI Chart May 20, 2008

Posted by Coolguy in Business Analysis.
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RACI Chart describes roles and responsibilities of various people involved in a project. The acronym RACI stands for:

Responsible : Resources who complete the task

Accountable : Person responsible for completion of the task. Also called as Approver.

Consulted : People whose inputs are sought during the process of completing the task

Informed : People who are kept up-to-date on the progress of the task.

This tool is along with stakeholder matrices to identify all the stakeholders in a project and define a communication plan that is appropriate for them.