Management of employee exit in corporate India Ms. Vasundra*, Mr. Beniwal Sushil** *Assistant Professor, Swami Devi Dyal Institute of Management Studies, Barwala, Panchkula, India. **Assistant Professor, Modern Institute of Engineering & Technology, Kurukshetra, India. Online published on 6 October, 2012. Abstract For the last ten years, CORPORATE INDIA has been in exit mode. Exit, as in retrenchments and layoffs. Exits as in VRS and golden handshakes. Exit, as in not so voluntary retirement schemes, lockouts and coercive measures. Exit as in post appraisal managerial dismissals and post merger restructuring. It does not matter who you are, and which sector you belong to. For reductions in workforce have been happening all over. In the private corporate sector and the public, there are no official figures to sum up the extent of downsizing that has happened, but guesstimates vary from one million organized sector workers to three million over the decade. The pressures of globalization, increasing competition and technology up gradation are beginning to tell on India Inc and the first to bear the brunt is labor. Top Keywords Golden Handshakes, Retrenchments, VRS. Top |