http-equiv="Content-Type" content="text/html; charset=utf-8" /> name="ProgId" content="Word.Document" /> name="Generator" content="Microsoft Word 11" /> name="Originator" content="Microsoft Word 11" /> rel="File-List" rel="nofollow" href="file:///C:%5CDOCUME%7E1%5CSUNILS%7E1%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C01%5Cclip_filelist.xml" /> > Due to downsizing, which is now universally accepted as a form of corporate panacea, the significance of values assessments and reorganizational assessments has grown. One of the main reasons for downsizing is the economic recession across the world. Typically, downsizing involves termination of several employees due to varied reasons such as economic downturn, business downturn or cost reduction measures.
Whether or not downsizing is used as a proactive or contemporary approach, the use of values assessments is more real than ever before. As a result, downsizing is regarded as a way to segregate the critical, performing employees from the others. This is expected to improve productivity, efficiency and maintain a competitive edge as the economic picture remains grim.
Values Assessments Stabilizes Downsizing Spillover
Like two sides of the same coin, values assessments and downsizing seem to be the two integral facets that are a part of the current economic meltdown. The failure of companies to identify and retain their employees brings value assessments as an ideal solution. Values assessments help an organization to make the right choices while downsizing.
Here are some real life examples to consider:
- A 1993 study conducted by Wyatt and Co reveals that 531 large corporations undertook downsizing. However, only 85% of these companies took measures to improve profits. Interestingly, only 46% achieved any increase in profits.
- While 58% of the organizations sought to achieve higher productivity, only 34% saw even a marginal rise. Also, only 31% of the companies indicated improvement in providing enhanced customer service through downsizing.
What could be the reasons for failing to achieve the desired results? The long term implications of values assessments and reorganizational assessments were not truly in form till recently. A decade ago, few companies had the know-how about retaining valued employees to prevent loss in productivity and efficiency. This dismal scenario has changed to encompass the results that are carefully studied from values assessments and reorganizational assessments. Some critical aspects that would enable an organization to clarify its strategic vision while downsizing depends on the following information:
- What are the core competencies and skills required for the downsized organization?
- What percentage of the current workforce has those skills and core competencies?
- Would the current workforce show better productivity and higher efficiency if they were trained to acquire those required skills?
Simply put, a values assessments plan should identify the desired work values of employees and contrast it with the existing values. The outcome of the downsizing process should differentiate the characteristics of the retained employees vis-à-vis the others.
The Purpose of Reorganizational Assessments
Reorganizational assessments are used to reformulate risk-proof, future strategies for an organization. Sometimes a change in work profile or the economic environment may spur the need for reorganizational assessments. It could also happen when there is a change in the company’s profile or services.
Your Ultimate Success (YUS) offers the most comprehensive research, data and information relating to values assessments and reorganizational assessments. YUS offers solid response to the downsizing crisis. YUS also opens up new avenues to ensure stability when it is truly needed in the process of downsizing and any other changes.
Resource Box: YUS is the market leader in implementing behavioral assessments. You can trust YUS in carrying out behavioral assessments interviews successfully and helping you find best suitable employees. Your Ultimate Success (YUS) is one of the most reliable sources for the best and most versatile corporate coaching services.