Process Of Retrenchment

1.    - Define the vision, mission, specific goals and objectives

- analyse the market and define its needs
- analyse product offerings to satisfy market needs
- Consider whether it is still valid to remain in specific product or business area

2.    Define sales and distribution strategies
3.    Identify areas where services may be contracted to reduce overheads and duplication.
4.    Define ideal organisation model incorporating all needs.
5.    Carry out critical job analysis and define job skills required by the organisation.
6.    Establish optimum staffing levels
7.    Determine surplus staff
8.    Determine the selection criteria

Examples of possible criteria

•    age
•    skills/professional qualifications
•    Last in first out (LIFO)
•    Work performance
•    discipline