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Managing Human Capital during a Downturned Economy. Lunch & Learn. Marie Guillot, Silver Fox Associate President, ABACO International Lane Sloan, Silver Fox Advisor Energy Industry Leader. What is your course of action?. Strategic Options. Downsize. Retain . Grow. Implementation.

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Managing human capital during a downturned economy l.jpg

Managing Human Capital during a Downturned Economy

Lunch & Learn

Marie Guillot, Silver Fox Associate

President, ABACO International

Lane Sloan, Silver Fox Advisor

Energy Industry Leader


What is your course of action l.jpg
What is your course of action?

Strategic Options

Downsize

Retain

Grow

Implementation

Select

Viable

Options

Thoughtful

Methodology

Opportunistic

Recruiting

Process

Two Key

Elements

Staff

Engagement

Transformation

Steps

Management


Thoughtful methodology why are you downsizing l.jpg
Thoughtful Methodology:Why are you downsizing?

Focus on

high grading staff

Want to be

Lean & Mean

Performance

Criteria

Focus on sustaining operations

Experience

Criteria

Have to…

cash short

Downsizing

Reasons

Performance

Criteria

Orderly

closing

down

No choice in

liquidation

Timing

Criteria


Lean mean target c performers l.jpg
Lean & Mean: Target C Performers

Review with

Lawyer

Staff Skill Pool

A

A

B

A

B

B

C

C

C

Inexperienced

Staff

Experienced

Staff

Retirement

Ready


Slide5 l.jpg

Major downsizing:

Experience Factor

Review with

Lawyer

Staff Skill Pool

A

Target

RED

A

B

B

A

B

B

C

C

C

Inexperienced

Staff

Experienced

Staff

Retirement

Ready


Voluntary vs involuntary l.jpg
Voluntary vs. Involuntary

  • Lack of sufficient objective performance data

  • Litigation considerations

  • Morale factor

  • Deep enough pockets for severance program

  • Potential for deep cuts


How to manage two key elements l.jpg

Face brutal facts and give hope for future

How to Manage:Two Key Elements

Leaving

Staying

  • Severance Methodology

  • Announcement Process

  • Severance Package

  • Outplacement Support

  • Counseling

  • Dealing Fairly

  • High leadership visibility

  • Extensive communications

  • Manage Mourning Period

  • Create a vision for future

  • Improve operational processes

  • Engage staff in change


How to retain staff make tough choices l.jpg
How to Retain Staff:Make tough choices

People are your most important asset!

Some Possible Options

  • Work harder/longer hours same pay

  • Hiring freeze

  • Reduced time or overtime

  • Salary freeze or reductions

  • Cut variable expenses


Retain your human assets engage your people l.jpg
retain your Human assets:Engage Your people

Doing the right thing

  • Communicate employees most important asset

  • Lead by action

  • Engage staff in making tough choices

  • Initiate change improvement process

  • Provide rewards for cost savings

  • Rally employees we can do it


Growing company opportunistic recruiting l.jpg
Growing Company:Opportunistic Recruiting

Pay market rates for

Right talent

Downsized

Candidates on street

Young Bs

Look for Potential

Acquiring the

Right top talent

Defunct company

Candidates on street

As & Bs

Shakers / Movers

Downsized

Disgruntled candidates

Recruit Away

As & Bs

Experienced


Grow company transformation steps l.jpg
Grow Company:Transformation Steps

Start with

blank sheet

Start with growth plans

Develop organizational needs

Define jobs to fit needs

Utilize good

search methods

Establish positioning and target market

Follow recruiting process

Focus on screening candidates

Choose right fit

Consider retention process


Managing the human asset anytime l.jpg
Managing the Human Asset, anytime

Leadership is about coping with change

Management brings order to achieving goals

Leadership Activities

Management Activities

Planning & Budgeting

Setting Direction

Aligning People

Organizing & Staffing

Controlling & Problem Solving

Motivating People

Training & Development

Culture of Leadership

John Kotter, “What Leaders Really Do”


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