Managing Workforce Reduction: Best Practices for Responsible Rightsizing
October 30 @ 1:00 pm – 2:00 pm EDT
Free
1 CPE credit
Overview
When a nonprofit organization faces a significant funding shortfall, strategic options for restructuring or rightsizing the staff become crucial. This session will review the following key considerations and best practices if workforce reduction is deemed necessary.
- Strategic options for restructuring
- Short-term options
- Long-term options
- Best Practices for Workforce Reduction
- Optimal timing
- Comprehensive separation agreements and off-boarding support
- Financial impact analysis
- Maintaining employee morale
- Legal considerations
Presenters
Karen R. Schuler, Partner – Search, Transition & Planning, Marcum LLP
Patricia E. Williams, SPHR, SHRM-SCP, Partner – Managed Human Resources, Marcum LLP
