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“Belief in the cause” can’t be outsourced. Regardless, your LDP should have stated goals with specific success indicators that are measurable, such as higher bench strength, higher engagement scores, lower attrition, etc. No Organizational Leadership Vision. As stated, your organization is unique. No LDP is perfect.
Instead of outright layoffs, you may explore alternatives such as attrition or offering voluntary early retirement packages. Another option is to outsource certain tasks or functions to external providers. It is important to consider the impact on employee morale and the overall productivity of the remaining workforce.
This question spurred frank and difficult conversations about why growth was stagnating, why employee attrition was happening, what it would take to effect real change (to culture, to policies and processes, to the product set, and to the customer experience), and who would have to step up to lead the charge. ” -Komlos, Benjamin.
Whether that translates to certified professionals on staff and in-house, or sanctioned and well-publicized access to those resources via outsourcing, organizations can demonstrate their commitment to mental health and employee well-being by ensuring targeted expertise is readily available to all.
However, we can’t ignore the downsides of this new world of work—not just for the unskilled laborers whose jobs have been outsourced or automated, but also among the professional classes, who now seem to think free-agency and job hopping are the new normal, with no expectation of a long-term organizational affiliation.
Since HSBC introduced staggered hours and other flexible work arrangements three years ago, it has posted the lowest attrition record in the industry. The company outsources the door-to-door service to contractors, which provide trained drivers and clean, air-conditioned cars — a huge plus in India's hot and humid climate.
It was able to redeploy people to other areas where they were needed and then realize the productivity gains by reducing overtime, and allowing natural attrition to gradually reduce headcount. It also brought back work that had been outsourced. By reducing survival concerns, Wiremold had freed people to think creatively.
It was able to redeploy people to other areas where they were needed and then realize the productivity gains by reducing overtime, and allowing natural attrition to gradually reduce headcount. It also brought back work that had been outsourced. By reducing survival concerns, Wiremold had freed people to think creatively.
We’ve all heard by now that productivity decreases with overwork, while attrition and health care costs increase. The behemoth of “legal process outsourcing” is Axiom, which has commodified large companies’ contracting and certain litigation functions. But that’s just not true.
Sure, Parivar was growing — in revenue, profitability, and reputation — but it was still much smaller than companies like Infosys, HCL, and other leading global providers of low- to midrange business-process outsourcing services. She felt queasy thinking about it and dreaded delivering the most recent attrition numbers to Sudhir.
As general manager of the Noida, India, office of KGDV, a global knowledge process outsourcing (KPO) company, she had always encouraged healthy debate on her team, but she was surprised that her head of human resources, Vijay Nayak, and her top project manager, Matt Parker, were going at it in the hallway.
He’s been unalterably opposed to both outsourcing and big trade deals like NAFTA and the Trans-Pacific Partnership (TPP) because of the U.S. Yet economists, including the MIT labor economist David Autor , argue that automation is a much greater factor in manufacturing job loss than outsourcing or trade deals is.
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