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Retrenchment Strategy In Human Resource Management: The Case Of Voluntary Separation Scheme (Vss)

One of the major challenges of business leadership in this millennium is to manage continued improvement in a competitive position. In order to stay competitive, companies are trying to become more "mean and lean". To achieve this, many major corporations have adopted the "downsizi...

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Main Authors: T. Ramayah, T. Ramayah, Muhamad Jantan, Muhamad Jantan, Krishnan, Chandra Mohan
Format: Article
Language:English
Published: Asian Academy of Management (AAM) 2004
Subjects:
HD28-70 Management. Industrial Management
Online Access:http://eprints.usm.my/35834/1/AAMJ_9-2-3.pdf
http://eprints.usm.my/35834/
http://web.usm.my/aamj/9.2.2004/AAMJ%209-2-3.pdf
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spelling my.usm.eprints.35834 http://eprints.usm.my/35834/ Retrenchment Strategy In Human Resource Management: The Case Of Voluntary Separation Scheme (Vss) T. Ramayah, T. Ramayah Muhamad Jantan, Muhamad Jantan Krishnan, Chandra Mohan HD28-70 Management. Industrial Management One of the major challenges of business leadership in this millennium is to manage continued improvement in a competitive position. In order to stay competitive, companies are trying to become more "mean and lean". To achieve this, many major corporations have adopted the "downsizing and rightsizing" strategy. Voluntary Separation Scheme (VSS) has been a global phenomenon since the 1980's and is common particularly in larger companies. In this study, the reaction to the VSS program involving the employees of a government agency embracing privatisation was studied, specifically the influence of the basic needs and referent power on the choice of acceptance and non-acceptance of VSS. The second objective of this study was to evaluate the success or failure of the VSS from the workers perspective in particular, whether their decision met their needs. The results showed that basic needs had an influence on the acceptance and the nonacceptance of VSS, namely health needs, security needs and self-esteem needs. All the referent powers (subjective norms) had an influence, but surprisingly close friends had the strongest influence. Differences were also found between the expectations and the perception of the workers who accepted or rejected the VSS. From the workers' perspective, it appeared that the VSS carried out in this organization was not a success. Asian Academy of Management (AAM) 2004 Article PeerReviewed application/pdf en http://eprints.usm.my/35834/1/AAMJ_9-2-3.pdf T. Ramayah, T. Ramayah and Muhamad Jantan, Muhamad Jantan and Krishnan, Chandra Mohan (2004) Retrenchment Strategy In Human Resource Management: The Case Of Voluntary Separation Scheme (Vss). Asian Academy of Management Journal (AAMJ), 9 (2). pp. 1-28. ISSN 1394-2603 http://web.usm.my/aamj/9.2.2004/AAMJ%209-2-3.pdf
institution Universiti Sains Malaysia
building Hamzah Sendut Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Sains Malaysia
content_source USM Institutional Repository
url_provider http://eprints.usm.my/
language English
topic HD28-70 Management. Industrial Management
spellingShingle HD28-70 Management. Industrial Management
T. Ramayah, T. Ramayah
Muhamad Jantan, Muhamad Jantan
Krishnan, Chandra Mohan
Retrenchment Strategy In Human Resource Management: The Case Of Voluntary Separation Scheme (Vss)
description One of the major challenges of business leadership in this millennium is to manage continued improvement in a competitive position. In order to stay competitive, companies are trying to become more "mean and lean". To achieve this, many major corporations have adopted the "downsizing and rightsizing" strategy. Voluntary Separation Scheme (VSS) has been a global phenomenon since the 1980's and is common particularly in larger companies. In this study, the reaction to the VSS program involving the employees of a government agency embracing privatisation was studied, specifically the influence of the basic needs and referent power on the choice of acceptance and non-acceptance of VSS. The second objective of this study was to evaluate the success or failure of the VSS from the workers perspective in particular, whether their decision met their needs. The results showed that basic needs had an influence on the acceptance and the nonacceptance of VSS, namely health needs, security needs and self-esteem needs. All the referent powers (subjective norms) had an influence, but surprisingly close friends had the strongest influence. Differences were also found between the expectations and the perception of the workers who accepted or rejected the VSS. From the workers' perspective, it appeared that the VSS carried out in this organization was not a success.
format Article
author T. Ramayah, T. Ramayah
Muhamad Jantan, Muhamad Jantan
Krishnan, Chandra Mohan
author_facet T. Ramayah, T. Ramayah
Muhamad Jantan, Muhamad Jantan
Krishnan, Chandra Mohan
author_sort T. Ramayah, T. Ramayah
title Retrenchment Strategy In Human Resource Management: The Case Of Voluntary Separation Scheme (Vss)
title_short Retrenchment Strategy In Human Resource Management: The Case Of Voluntary Separation Scheme (Vss)
title_full Retrenchment Strategy In Human Resource Management: The Case Of Voluntary Separation Scheme (Vss)
title_fullStr Retrenchment Strategy In Human Resource Management: The Case Of Voluntary Separation Scheme (Vss)
title_full_unstemmed Retrenchment Strategy In Human Resource Management: The Case Of Voluntary Separation Scheme (Vss)
title_sort retrenchment strategy in human resource management: the case of voluntary separation scheme (vss)
publisher Asian Academy of Management (AAM)
publishDate 2004
url http://eprints.usm.my/35834/1/AAMJ_9-2-3.pdf
http://eprints.usm.my/35834/
http://web.usm.my/aamj/9.2.2004/AAMJ%209-2-3.pdf
_version_ 1643708610429059072
score 13.211869

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