Free Webinar – Managing Retrenchment Process & Workforce Reduction Strategies

Retrenchment is a sensitive and complex process that requires careful planning, legal compliance, and effective communication. This course provides HR professionals, managers, and business leaders with the knowledge and skills necessary to manage retrenchment with fairness, transparency, and empathy while minimising legal and reputational risks.

This webinar outline aims to equip participants with a comprehensive understanding of retrenchment, VSS, and MSS, enabling them to make informed decisions and implement these strategies effectively in their organisations.

By the end of this seminar, participants will:

• Understand the definitions, purposes, and processes of Retrenchment, Voluntary Separation Scheme (VSS), and Mutual Separation Scheme (MSS).
• Gain insight into the legal, ethical, and financial considerations of each strategy.
• Explore best practices for implementing these workforce reduction methods.

1. 1. Introduction to workforce reduction strategies
   2. Retrenchment
   3. Voluntary Separation Scheme (VSS)
   4. Mutual Separation Scheme (MSS)
   5. Compliance to Labour Department’s Borang PK
   6. Employees Offboarding Process
   7. Best practices, case studies & discussion

• HR professionals tasked with workforce reduction exercises
• Professionals involved in the exercise such as finance, operations, and line managers
• Business owners planning to carry out a workforce reduction or business closure