What are the pros and cons of downsizing in the service industry? When a company downsizes, it can be difficult to know what impact it will have on the overall profitability of the business. However, with the right types of analytics tools, companies will be able to see not only the short term effects of downsizing, but also how it can impact their long-term viability.
One of the major benefits of downsizing in the service industry is that a company will be able to free up some valuable internal capacity. When you downsize, you are essentially removing someone from your payroll, but they don’t leave the company. Instead, they take on a variety of other tasks, freeing up the staff that was originally employed by the company. This allows the company to utilize that capacity, which can be incredibly beneficial in the long run.
|Released Date||December 22, 2017 (United States)|
|File type||SRT(Zip file)|
One of the major drawbacks of downsizing in the business is that it doesn’t always effect the work force at all. Typically, when a department is downsized, it only affects the section that is directly involved. For example, if you downsize the human resources department, the outsourced services section will still be operating. On the other hand, if you downsize the manufacturing department, the production section will still be running, even though there aren’t any agents within those sections.