Overview

When a nonprofit organization faces a significant funding shortfall, strategic options for restructuring or rightsizing the staff become crucial. This session will review the following key considerations and best practices if workforce reduction is deemed necessary.

• Strategic options for restructuring
  • Short-term options
  • Long-term options
• Best Practices for Workforce Reduction
  • Optimal timing
  • Comprehensive separation agreements and off-boarding support
  • Financial impact analysis
  • Maintaining employee morale
  • Legal considerations

Presenters

Karen R. Schuler, Partner – Search, Transition & Planning, Marcum LLP
Patricia E. Williams, SPHR, SHRM-SCP, Partner – Managed Human Resources, Marcum LLP