SURVIVOR'S GUIDE TO DOWNSIZING OBJECTIVES Discuss normal reactions to downsizing in organizations. Give you some constructive ways for dealing with the current situation. WHAT IS THE CURRENT REALITY? Companies are under economic pressure to remain competitive and survive. Reorganizations, takeovers, mergers, downsizing, joint ventures are happening everywhere. The pace of change is extremely rapid - from one day to another, from one minute to another. WHAT IMPACT DOES IT HAVE ON EMPLOYEES? Do not underestimate the impact downsizing can have on you and your life. Downsizing means loss. Loss of colleagues Loss of how things were (even if it wasn't all perfect!) Loss of security Downsizing means… Anxiety Resentment Anxiety about keeping Resentment that "life's not your job Anxiety about the future and your life Anxiety about when it will be your turn fair“ Resentment towards the company, leadership for taking away what you had Resentment feeling that the company is unappreciative of everyone's efforts and Psychological Impact Shock - the world as you knew it is now gone Denial - "It won't happen to me.” “So and so will take care of me." Anger and hurt - "After all I've done . . ." Fear - "Oh no! I'm going to be next!“ Guilt – “I'm glad it's not me who's going.” Impact on the Organization Low morale, negativity Decrease in productivity, workplace tension Absenteeism and Illness Expectations All these reactions are to be expected and are normal under the circumstances. It's natural to feel powerless and question your own value and abilities Management expects these reactions . . . to a point. All these reactions are to be expected and are normal under the circumstances. It's natural to feel powerless and question your own value and abilities Management expects these reactions . . . to a point. A Set of ABC's for Handling Downsizing What Can you do? Analyze What options do you have? Concretize: A plan Empathize - With those leaving Exercise - Take care of your health Fantasize - Try to imagine some possible positive scenarios for your future. Finalize - The past, what's been, mourn the past and prepare for the future. What can you do? Harmonize - Your life, work is only part of it. Hypothesize about what you see going on around you and possible implications for you. Maximize - Your work time, work hard, set priorities, be efficient. Minimize - Addictive behaviors -they can only provide temporary relief. Mobilize - Move into action. Get involved. What can you do? Prioritize - Do the most important work first. Realize - Face the reality. Socialize - At work, get up and walk around. Strategize - Do your best work. Verbalize - Express sadness, loss, anxiety about the future, anger (not necessarily at work). Don’ts Don't bastardize your Don't paralyze yourself. work record Don't scandalize the Don't chastise yourself. company and its practices. Don't demonize your company and boss. Don't tantalize yourself by living on the edge. More Positive Actions Aggregate - Collect information for your future. Accelerate - Become much more efficient. Ameliorate the Articulate - If your workload becomes totally unmanageable situation. Reach out to others. Advocate for yourself. Appreciate - For the time being, you still have a job! More ABC’s Calculate your financial situation. Celebrate - your accomplishments. Educate - Learn about your options. Elevate - your endorphins with exercise. Concentrate on doing the best job possible. Emancipate yourself from feeling powerless More ABC’s Evaluate - Assess your skills. Navigate these tough times by doing your best. Eliminate - negative behavior while you are at work. Negotiate arrangements. Emulate - good role models. Recreate - Have fun. Irrigate and salivate - Drink Radiate - a positive attitude a lot of water. Motivate yourself. at work. Do’s! Do stay on track Do keep stress under control Move into action Do resist the urge to be a victim . . . Do hang in there! Wrap Up What resonated with you about today's session? What might you do differently as a result? What is one thing you will move into action on right away? Thank you for your participation. Remember, you needn't feel alone through this process. Call us. We’re here to help.