Alumni programs aim to keep those laid off or early retired, connected to the organization with the goal of re-engaging them in the workplace as contractors, consultants, or staff members as the need arises. Successful engagement workplace alumni programs offer newsletters, meetings, celebrations, and mentoring opportunities to former staff members.

Layoffs often provide organizations with the opportunity to scout and secure proven, high performing technical staff.  By being strategic, employers may find an increasingly talented labour pool is available to them.  Organizations with a view to long term success can turn tough times into a time of opportunity to staff key positions, provide mentoring and coaching for less experienced staff, and prepare for the economic upturn.

With low morale caused by layoffs and general economic uncertainty, employers are wise to pay more attention than ever to their remaining staff.  Employee engagement strategies with Human Resources, career training, performance management, and workplace teambuilding and wellness programs all go a long way to ensuring the “survivors” remain high performing and engaged.  Effective employee engagement programs can help to increase morale and productivity while reducing absenteeism.

There is no denying that tough economic times can take their toll on organizations and their staff members.  Employers who have appropriate downsizing strategies in their toolbox will find that it helps to keep the organization functioning during difficult times and prepares the company and staff members to thrive during the inevitable economic upswing.  Preparation can help to insulate organizations from market fluctuations resulting in a company that is stable, productive, and profitable.