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EFFECTS OF THE RETRENCHMENT EXERCISE ON ORGANIZATIONAL PERFORMANCE AND QUALITY OF WORK LIFEAMONG UGANDAN PUBLIC OFFICERS
by: Peter Baguma &Leon Matagi June 2002
Levine (1984) found that retrenchment resulted in fiscal stress and human resource shrinkage that caused many difficult problems for government managers. These problems are caused by methods used by managers to cope with the need to retrench and decrementalism (decrease in budget without loss of visible operating effectiveness). The major problem is decrease of human resource that results from cost cutting measures Which brings loss of skills, energy, morale, commitment, physical and mental health degradation that results from employees withdrawing physically and emotionally. Decrementals also cause reduced co-operative attitudes, greater fear and distrust, poor communication, lowered performance goals, restriction of production and increased turnover.
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What is retrenchment advantages and disadvantages?
Retrenchment refers to a strategy employed by organizations to reduce their workforce or cut costs in response to financial challenges. Advantages include improved financial stability, increased efficiency, and the ability to focus on core operations. However, disadvantages can include decreased employee morale, loss of institutional knowledge, and potential damage to the company’s reputation, which may hinder future recruitment efforts. Overall, while retrenchment can provide short-term relief, it may also have long-lasting negative impacts on organizational culture and performance.
What is retrenchment and advantages?
Retrenchment refers to sudden firing of employees du to change in organisational strategy or bjective
What is meant by retrenchment?
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What is meaning of retrenchment?
A retrenchment strategy is a type of strategy a corporation uses to scale back its operations. The company can use this to limit the diversity of their operations or just the size of their processes in general.
The cornerstone of Republican domestic policy was?
retrenchment
What was the cornerstone of the Republican domestic policy?
retrenchment.
What is retrenchment?
Retrenchment is the process of reducing costs, usually by cutting back on expenses, staff, or services. It is often done as a strategy to improve a company's financial situation or to streamline operations in response to economic challenges. Retrenchment decisions can have significant impacts on employees, shareholders, and other stakeholders.
Is retrenchment or gratuity are same?
Retrenchment and gratuity are not the same; they refer to different concepts in employment. Retrenchment is the process of reducing the workforce, often due to economic reasons, while gratuity is a financial benefit given to employees upon leaving a company after a certain period of service, typically as a form of severance or retirement pay. Gratuity is a reward for long service, whereas retrenchment pertains to job cuts.
What is retrenchment compensation?
Retrenchment means lay off of employees from the company on account of many reasons like, company going in debt or company's need to cut down the payroll, etc. The compensation given at that time to the employees for firing of them without any notice is called retrenchment compensation.
What are advantage and disadvantage of a firm using retrenchment growth strategy?
The advantage is that the wage bill is reduced, the disadvantage of the retrenchment growth strategy is that a firm may loses employee without reaching their full potential.
Market Retrenchment - changing from export market to domestic market?
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What are synonyms for cutback?
reduction, cut, retrenchment, economy, decrease, lessening
