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Demoting Rather than Laying-Off? How Companies are Surviving the Recession

Administrator on January 4, 2010 — Leave a Comment

The recession has had everyone feeling like that any day it could be possible that they may not have a job, home, car or any other thing pertinent to the survival of the American family. A friend of mine and I were talking about working in corporate America and the tactics that many companies are taking in order to increase productivity and save money in the process.

I know of a company that came up with an interesting tactic in order to save money as well as maintain jobs within the company during these tough times. Before the recession they had many individuals in temp positions that they soon had to get rid of in order to save money. Soon after they had to reevaluate the other employees within the company because the first set of cutbacks were not enough to help them sustain during the recession.

This company in particular began to do quarterly evaluations to assess one’s value to the company in retrospect to their role. In the process of these evaluations they began to  make decisions about individuals futures within the company based off of their performance level in that particular sector and continued to do so every 3 months. Using these evaluations, they implemented a new policy in which they used the evaluations to demote individuals based off of their quarterly performance, thus saving the company money and jobs. Now the up side to this strategy was that if you performed well you were still able to be promoted and also be compensated accordingly which encouraged productivity and accuracy within the company. But it also gave you options, though you were being demoted at least you were able to keep your job and had the chance to redeem yourself for the next evaluation which would be 6 months instead of a whole year passing.

This technique was a great strategy I believe to increase productivity within the company and very unique but I hope that it does not backfire because some employees that are set in their ways may feel intimidated by the new structure. Despite the recession I definitely think it is a great way to help bring recognition to those who are excelling more than once a year to make them feel appreciated.

I am so glad to see the innovation that is coming about due to the recession and I hope that it will continue as we begin to come out of it as well.

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