Compassionate Downsizing: Making the Business Case for Education and Training Services

Between January 2001 and August 2003, corporate America announced approximately 4.3 million job cuts. This report analyzes the results of a survey of senior human resources executives regarding recent layoffs and the offering of education and training benefits to downsized employees.

Topics Covered:

• When the Economy Slumps, Downsizing is Up
• How Many Positions is Too Many to Eliminate?
• Downsizing May Actually Increase Costs?
• Helping the Displaced: Traditional Outplacement Versus Transition Benefits
• Types of Assistance Offered
• Managing Education and Training Benefits
• Why Educate and Train Transition Workers?
• Transition Benefits Equals Win-Win Situation

Full Report Also Includes:

• Key Findings
• Case Studies of Exelon Corporation, J.P. Morgan Chase & Co., and Kellogg Company
• Federal and State Funding to Support Transition Benefits
• Profile of Survey Respondents
• More Than 25 Tables and Charts