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Flexible Downsizing — Striking a Balance Between Cost and Workforce

During periods of economic instability, organizations have sought to control labor costs via workforce reductions.  Those efforts have proven to be less than effective due to the costs of layoffs themselves and the inevitability of re-hiring and re-training. Alternative methods to decrease labor costs while maintaining the workforce during the periods of economic uncertainty must be examined in order to maintain long-term success. Increasingly, organizations have turned to flexible downsizing strategies to meet their needs, including such programs as reduced schedules, unpaid sabbaticals to furloughs.  During this Webinar, we will discuss these growing trends and introduce innovative solutions designed to keep the viable workforce intact while controlling labor costs.

Attendees will:

  • Cover lessons learns as they examine the results of labor cost control during past recessions
  • Discover the wide range of flexible options and the cost/benefit of each
  • Gain an understanding of practical applications and considerations for the use of flexible options
  • Learn how to execute a wide-range of flexibility strategies to reduce labor and operating cost, limit job cuts and retain valuable talent needed to manage through the recession and thrive in the recovery

Audience: HR generalists, Compensation and Benefits and Work-Life professionals involved in determining the appropriate strategic cuts to be made during a down economy. Operations and senior level professionals interested in learning strategic alternatives to cut labor costs within their workforce.

Presenters:

Cali Williams Yost, CEO and Founder  Work+Life Fit, Inc. 
Cali Williams Yost is an internationally-recognized work+life flexibility strategy expert with 15 years of experience working with Fortune 1000 companies, government agencies, academic institutions and thousands of individuals. A graduate of Columbia Business School, Ms. Yost is the author of the critically-acclaimed, Work+Life: Finding the Fit That’s Right for You (Riverhead/Penguin Group, April 2004), the first work+life “fit” management strategy for individuals.  Yost and the Work+Life Fit, Inc. research and consulting team develop and implement business-based work+life flexibility strategies with broad impact on productivity, engagement, cost and resource management related to people, real estate and technology, client service, innovation, communication, environmental sustainability and employee work+life fit.  The flexible operating models developed by Work+Life Fit, Inc. prepare organizations to respond to rapid change and individuals to strategically manage their work and life day-to-day and throughout their careers. Yost and Work+Life have been featured in national publications such as The New York Times, The Wall Street Journal, BusinessWeek, Newsweek, USA Today, Fast Company, Money Magazine, The Washington Post, the Philadelphia Inquirer, the Boston Globe, the Chicago Tribune, Men’s Health’s Best Life, Working Mother Magazine and the Seattle Times. Clients include companies such as AstraZeneca, BASF, BDO Seidman, LLP, Barclays Global Investors, Ernst&Young, GlaxoSmithKline, JC Penney, JPMorganChase, Lehman Brothers, Lifetime Television, Merrill Lynch, Microsoft, Novo Nordisk, Quaker and the U.S. Navy; and students and alumni of some of the top business schools including Columbia, Darden, Harvard, Kellogg, Tuck, University of Chicago, and Wharton. In 1995, Yost earned her MBA from Columbia Business School and began working as a work+life strategy consultant to Fortune 500 companies with the Families and Work Institute, and then, Bright Horizons Family Solutions, two of the country’s pioneering work+life organizations, before founding Work+Life Fit, Inc.  She received her undergraduate degree from Bucknell University and prior to entering the work+life field worked as a commercial banker in New York City. In February, 2007, Yost received the “Rising Star Award” from the AWLP, the Alliance of Work-Life Progress. 


Sandra O’Neal, Principal, Towers Perrin
Sandra O'Neal is a Towers Perrin Principal and member of the Workforce Effectiveness practice. She has more than 25 years experience in the human resources field, specializing in total rewards strategy, employee pay and performance management.

Sandra is a member of WorldatWork and a recipient of its Distinguished Service Award and has served on many professional committees and advisory panels.

She earned a BA from Louisiana Tech and an M.A. from East Texas State University. She has held the designation of Certified Compensation Professional since 1981 and is a member of the YWCA Academy of Women Achievers.


Ravin Jesuthasan, CFA Managing Principal, Towers Perrin
Ravin Jesuthasan is the global practice leader of Towers Perrin’s Rewards and Performance Management Practice and a leader of the firm’s Workforce Effectiveness Group. He is a Managing Principal of the firm and is based in the Chicago office. Mr. Jesuthasan has extensive experience in the design and implementation of workforce and people systems that are aligned with an organization’s strategic drivers and the creation of shareholder value. He has also led numerous large scale, global restructuring and transformation engagements for his clients.

Mr. Jesuthasan has authored numerous articles and lead several global research efforts on the topics of labor cost management, performance management, rewards and talent management. As a recognized thought leader, Mr. Jesuthasan has been a featured speaker on these subjects at conferences in North America, Europe and Asia. He has also been featured and quoted extensively by leading business media including CNN, The Wall Street Journal, BusinessWeek, Newsweek, CNBC, Fortune, Human Capital (China), Les Echoes (France) and Business Times (Malaysia) among others. Mr. Jesuthasan was recognized as one of the top 25 most influential consultants in the world by Consulting Magazine.

Prior to joining Towers Perrin, Mr. Jesuthasan was a consultant with the strategy practice of a major management consulting firm.  Mr. Jesuthasan holds B.B.A. (Finance) and M.B.A. (Finance) degrees and is a Chartered Financial Analyst.

The playback for this event is not available.

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