Question

What steps should a firm follow when adopting an ethical process of downsizing in the field of Business?

a) Implement downsizing without prior notice
b) Comμnicate transparently with employees
c) Avoid providing outplacement services
d) Restrict access to counseling and support services

Answer 1

When adopting an ethical process of downsizing in Business, a firm should communicate transparently with employees, provide outplacement services and offer counseling and support services.

Step-by-step explanation:

When adopting an ethical process of downsizing in the field of Business, a firm should follow these steps:

1. Communicate transparently with employees: It is important to keep employees informed about the downsizing process, the reasons behind it, and the impact it will have on the organization and its employees. This helps build trust and reduces uncertainty.
2. Provide outplacement services: Outplacement services, such as career counseling, resume building, and job placement assistance, can help laid-off employees transition to new employment opportunities.
3. Offer counseling and support services: Restricting access to counseling and support services can have negative effects on the mental health and well-being of employees. Providing access to counseling and support services is crucial during the downsizing process.