REDUCTION IN FORCE

Fast, effective change


Understanding Reduction in Force (RIF).

Reduction in Force (RIF) is a common strategy companies choose to streamline business processes to achieve financial objectives. The inevitable consequence of a RIF is low employee morale, resulting from layoffs. A potential repercussion of this is that key employees may choose to leave.

That’s why it’s important to:

  1. Increased creativity and innovation
  2. Greater company profits
  3. Reduced Employee turnover.

THE CHALLENGES

Challenge: Understand your current situation

Simply knowing where your organization is in terms of diversity is the first step towards identifying areas that need work. Without data to quantify, unintentional bias can play a part in assessment.

Challenge: Loss of Key talent

Working with a multigenerational workforce can pose challenges for any organization regarding training, motivations, technology and execution. Finding the balance between the increasing age gaps is required for success.

Challenge: Track and Report

Multiple systems and incompatibility between them makes converting data into usable reports on D&I difficult and time consuming. A single source of truth allows you to make accurate, data-driven decisions on the organization.

THE SOLUTIONS

Solution: Analytics and Visualization

Explore advanced, out-of-the-box analytics and reports to quickly and easily visualize your global diversity metrics in pre-configured D&I dashboards to make fast, efficient decisions.

Solution: Understand and Implement Steps

Using dashboards to monitor generation and age distribution across the business helps identify mentorship opportunities. Implement succession plans using data to prepare the organization’s future leaders.

Solution: Filter and Focus

Identify potential issues with existing D&I filters to visualize and focus on potential problem areas. Work towards your D&I goals with fast access to accurate data.

“It makes sense that a diverse and inclusive employee base – with a range of approaches and perspectives – would be more competitive in a globalized economy.”

- McKinsey, Delivering Through Diversity, January 2018

What role can HR Tech play in working towards workplace diversity? The right HR tech can give you access to global organizational data in an easy-to-use dashboard format that has diversity and inclusion filters.

Nakisa Hanelly organizational design provides out-of-the-box dashboards with D&I filtering built into the solution. Measure all diversity metrics including gender, age, ethnicity, language, education and more.

You can start using your Nakisa Hanelly today from as little as $500 per month.

Diversity and Inclusion: What, why and why now?

Find out what Diversity and Inclusion is and why it should matter to your business in our blog article.

RESOURCES

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