What is a Reduction in Force (RIF)?
Thousands of people lose their jobs every day in America. There are plenty of ways that you can lose your job. Over the years, hundreds of thousands of workers have experienced losing a job in some shape, form, or fashion. One particular way that an employee can lose his/her job is from a reduction in force, or RIF. A reduction in force may come off as similar to or even synonymous with what many of you may know as a layoff, but it is actually quite different in certain aspects.
A reduction in force occurs when an employee is let go from a company due to reasons such as a change in workforce planning initiatives, budget reforms, a change in overall business strategy, and most times, certain business conditions that require the elimination of an entire department or certain positions within an organization. On the other hand, a layoff usually occurs when a company is restructuring, downsizing, or going out of business and is usually temporary, giving the employee the hope of the possibility of being rehired in the future.
Although strikingly similar and the employee loses his/her job in both cases, the main difference between a RIF and a layoff is that a reduction in force is more times than often permanent, and can ultimately have a devastating impact on an employee’s morale and overall well-being. A layoff is typically temporary in nature. There are layoffs that can actually lead to an employee being out of a certain job at a certain company permanently. However, this is almost always the case in the event of a reduction in force.
When a reduction in force is set in stone, it is typically wise to look towards a career services company that offers reduction in force services. Reduction in force (RIF) services are delivered to assist organizations both small and large during their time of right-sizing to help them in supporting and providing assistance to their employees during their time of transition from being employed to searching for a new role.
For an average employee, knowing that your days are numbered in a certain role due to organizational reasons outside of your control can be hard to process, extremely difficult, and highly stressful. Many businesses can see a reduction in employee productivity as a result of this. The benefit that companies can see from seeking reduction-in-force services from a career services firm before an employee is actually set to be dismissed from a role is a higher morale, higher employee engagement, less stress on the employee, and more productivity due to the employee knowing that his/her company is working towards a solution in landing them a role immediately.
Implementing RIF services in a quick and skillful manner can help protect the image of a company’s brand by softening the blow on an employee from being terminated from a role. Working with a career services firm with a proven and effective RIF strategy that’s skilled in offering quick and discrete reduction in force services is the best decision any organization can make when it comes to downsizing and letting employees go.
Our services consist of assessing the employee’s needs and delivering the services needed to ensure that the employee experiences a rapid transition back into work right away. Lessening the time it takes for an employee to find a role after being terminated due to a reduction in force helps protect the integrity of the employee as well as the company.