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SHRM Poll – Layoffs in light of 2008 challenges to the U.S. economy

SHRM Poll – Layoffs in light of 2008 challenges to the U.S. economy. October 30, 2008. The Impact of 2008 U. S. Economy on Businesses. Within the past 12 months, what steps, if any, has your organization taken to cut costs related to staffing?.

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SHRM Poll – Layoffs in light of 2008 challenges to the U.S. economy

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  1. SHRM Poll – Layoffs in light of 2008 challenges to the U.S. economy October 30, 2008

  2. The Impact of 2008 U. S. Economy on Businesses

  3. Within the past 12 months, what steps, if any, has your organization taken to cut costs related to staffing? Note: Percentages do not total 100% as multiple response options were allowed.

  4. Within the past 12 months, what steps, if any, has your organization taken to cut costs related to staffing?

  5. Within the past six months, which of the following do you consider to be the MAJOR factors negatively impacting the financial stability of your organization? Note: Respondents who answered “Not applicable” were excluded from this analysis. Respondents were asked to “select their top three major factors.” Percentages do not total 100% as multiple response options were allowed.

  6. Within the past six months, which of the following do you consider to be the MAJOR factors negatively impacting the financial stability of your organization?

  7. Due to the current financial challenges to the U.S. economy has the time your organization’s HR role/function devotes to the following areas increased, stayed the same or decreased now compared with six months ago? n = 520-533

  8. Due to the current financial challenges to the U.S. economy has the time your organization’s HR role/function devotes to the following areas increased now compared with six months ago?

  9. Layoffs

  10. How likely is it that your organization will lay off employees within the next 12 months? n =474

  11. How likely is it that your organization will lay off employees within the next 12 months?

  12. Has your organization laid off any employees in the past 12 months? n = 621 Percentage of organizations that have laid off employees

  13. At what job level did most of the layoffs occur or will they be most likely to occur? Note: Only respondents whose organization had laid off or were likely (very or somewhat) to layoff employees were included in the analysis.

  14. At what job level did most of the layoffs occur?

  15. How was the most recent layoff at your organization communicated? n =270 -277 Note: Only respondents whose organization had laid off employees in the past 12 months were included in the analysis. Percentages do not total 100% as multiple response options were allowed.

  16. How much notice was given to laid off employees? n =270 Note: Only respondents whose organization had laid off employees in the past 12 months were included in the analysis. Percentages do not total 100% as multiple response options were allowed.

  17. How much notice was given to laid off employees?

  18. Regardless of whether your organization has had layoffs in the past 12 months or not, what types of assistance, if any, does your organization offer to employees who have been laid off? n =433 Note: Respondents who answered “No assistance” were excluded from this analysis. Percentages do not total 100% as multiple response options were allowed.

  19. Regardless of whether your organization has had layoffs in the past 12 months or not, what types of assistance, if any, does your organization offer to employees who have been laid off?

  20. SHRM Resources

  21. SHRM online resources • Layoff Aftermathhttp://www.shrm.org/hrmagazine/articles/1108/1108wells2.asp • MANAGING EMPLOYEES IN A DOWNSIZED ENVIRONMENThttp://www.shrm.org/hrresources/whitepapers_published/CMS_000240.asp • Managing a Downturnhttp://www.shrm.org/hrmagazine/articles/0508/0508wells.asp • Depression Affects Women More than Menhttp://www.shrm.org/diversity/library_published/nonIC/CMS_025815.asp • Chronic Illness Packs Punch; Depression Tops Listhttp://www.shrm.org/hrnews_published/archives/CMS_023600.asp#P-8_0 • Employer-Sponsored Depression Programs Workhttp://www.shrm.org/hrnews_published/archives/CMS_023318.asp • Study: Enhanced Depression Care Is Cost Effective for Employershttp://www.shrm.org/rewards/library_published/benefits/nonIC/CMS_019573.asp • Stress Managementhttp://www.shrm.org/hrmagazine/articles/0906/0906tyler.asp • Cut the Stresshttp://www.shrm.org/hrmagazine/articles/0503/0503tyler.asp • Easing the Burden of Financial Stress in the Workplacehttp://www.shrm.org/rewards/library_published/benefits/nonIC/CMS_025703.asp • Survey: Backup Care Reduces Stresshttp://www.shrm.org/rewards/library_published/benefits/nonIC/CMS_026190.asp • Money and Work Spell S-T-R-E-S-Shttp://www.shrm.org/hrnews_published/archives/CMS_023624.asp#P-8_0 • Countering High Costs of Stress and Depressionhttp://www.shrm.org/rewards/library_published/benefits/nonIC/CMS_021695.asp

  22. Respondent Demographics

  23. Organizational Size n = 591

  24. Organizational Sector n = 591

  25. Region n = 490

  26. SHRM Poll - Layoffs in light of 2008 challenges to the U.S. economy Methodology • Response rate = 23% • Sample comprised of 633 randomly selected HR professionals from SHRM’s membership. • Margin of error is +/- 5%. • Survey fielded the week of October 30, 2008

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