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The Human Resources Institute of New Zealand

Human Resources Institute of New Zealand (HRINZ) is the professional body for those involved in Human Resource Management and the development of people.

HRINZ represents the interests of 3,000+ individual members who make up around 45% of the known New Zealand HR market. Read More

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Downsizing

The definition of downsizing or laying off staff basically means that the organisation is looking to reduce the number of its employees within their organisation. 

Most employers will state that downsizing a business is a permanent measure to reduce the organisation's overheads and payroll costs. As laying off employees is generally considered to be seen as a temporary measure for the organisation with the possibility that employees can be rehired at a later date.  Organisations can also provide early retirement, voluntary redundancy and transfers to sister organisations in the effort to downsize their workforce.

 


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Disclaimer: This information has been written for and submitted to HRINZ for publication and has been published in good faith for the general information of HRINZ Members of the Institute. HRINZ accepts no legal responsibility for the contents of the Knowledge Base and appropriate professional advice and assistance should be sought in particular cases.

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