Determining Who Goes in a RIF
Those three little words—reduction in force—represent a pretty taboo subject in HR. Even more hush, hush is the topic of how to choose who goes. In the business of outplacement we’re here to take the stigma out of this particular topic.
Reductions in force are part of business. Although we’re on a decent upswing from the recession, RIFs are still a common occurrence across the nation. Wells Fargo, the U.S.’s largest mortgage lender very recently announced the reduction in force of 2,300 employees from their mortgage division. Layoffs are a fact of life, and business leaders truly need to know how to deal with them. A RIF is one thing that companies want to get right.