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Type: Journal article
Title: The voluntary redundancy option: carrot or stick?
Author: Clarke, M.
Citation: British Journal of Management, 2005; 16(3):245-251
Publisher: Blackwell Publ Ltd
Issue Date: 2005
ISSN: 1045-3172
Statement of
Marilyn Clarke
Abstract: <jats:p>Voluntary redundancy is a relatively new form of retrenchment that has become a popular means of reducing workforce numbers in downsizing organizations. Voluntary redundancy involves the offer of a financial incentive to encourage employees to ‘volunteer’ for redundancy. Using the findings of a small study of individuals who had taken voluntary redundancy, this paper explores the voluntary nature of voluntary redundancy and suggests that both organizational change and the financial incentive are contributors to the redundancy decision. From an organizational perspective voluntary redundancy does appear to smooth the downsizing process but at the same time tends to mask underlying issues of morale and commitment.</jats:p>
Description: © 2005 British Academy of Management
DOI: 10.1111/j.1467-8551.2005.00457.x
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Appears in Collections:Aurora harvest
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