marie guillot, silver fox associate president, abaco international lane sloan, silver fox advisor...
Post on 12-Jan-2016
222 Views
Preview:
TRANSCRIPT
Marie Guillot, Silver Fox Associate
President, ABACO International
Lane Sloan, Silver Fox Advisor
Energy Industry Leader
Lunch & Learn
Downsize Retain Grow
Process
Management
ThoughtfulMethodology
Select ViableOptions
OpportunisticRecruiting
Two KeyElements
StaffEngagement
TransformationSteps
Strategic Options
Implementation
DownsizingReasons
Want to beLean & Mean
No choice inliquidation
PerformanceCriteria
ExperienceCriteria
PerformanceCriteria
Focus on high
grading staff
Focus on sustaining operations
Have to… cash short
TimingCriteria
Orderlyclosingdown
A
B
C
Retirement Ready
A
B
C
ExperiencedStaff
A
C
B
InexperiencedStaff
Review with
Lawyer
Staff Skill Pool
A
B
C
Retirement Ready
A
B
C
ExperiencedStaff
A
B
C
B
InexperiencedStaff
TargetRED
Review with
Lawyer
Staff Skill Pool
Lack of sufficient objective performance data
Litigation considerations
Morale factor
Deep enough pockets for severance program
Potential for deep cuts
Severance MethodologyAnnouncement ProcessSeverance PackageOutplacement SupportCounselingDealing Fairly
High leadership visibilityExtensive communicationsManage Mourning PeriodCreate a vision for futureImprove operational processesEngage staff in change
Leaving Staying
Face brutal facts and give hope for
future
Work harder/longer hours same payHiring freezeReduced time or overtimeSalary freeze or reductionsCut variable expenses
Some Possible OptionsPeople are your most important
asset!
Communicate employees most important assetLead by actionEngage staff in making tough choicesInitiate change improvement processProvide rewards for cost savingsRally employees we can do it
Doing the right thing
Acquiring theRight top talent
Downsized Candidates on
street
Young BsLook for Potential
As & BsShakers / Movers
As & BsExperienced
Defunct companyCandidates on
street
DownsizedDisgruntled candidates
Recruit Away
Pay market
rates for Right talent
Start with growth plansDevelop organizational needs
Define jobs to fit needs
Establish positioning and target marketFollow recruiting process
Focus on screening candidatesChoose right fit
Consider retention process
Start withblank sheet
Utilize goodsearch
methods
Leadership ActivitiesManagement Activities
John Kotter, “What Leaders Really Do”
Setting DirectionPlanning & Budgeting
Leadership is about coping with change
Management brings order to
achieving goals
Aligning PeopleOrganizing & Staffing
Motivating PeopleControlling & Problem Solving
Culture of LeadershipTraining & Development
top related