Workforce Reduction Strategies: Retrenchment, VSS & MSS
Retrenchment, Voluntary Separation Scheme (VSS), and Mutual Separation Scheme (MSS) are terms related to employment practices, particularly during organizational restructuring or cost-cutting measures. This seminar 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 organizations.
This course is intended for HR professionals tasked with workforce reduction exercise. It is also applicable to anyone involved in the exercise such as finance, operations and line managers. Business owners who are planning to carry out a workforce reductions or business closure are highly encouraged to attend.
The course will be conducted in an interactive learning mode in order to encourage active learning among the participants and at the same time employ the use of real-life examples, scenarios, case studies and personal experiences.
At the end of the course, participants will be able to;
- 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.
Course Outline
The Seminar will cover the below areas;
- Introduction to workforce reduction strategies
- Retrenchment
- Voluntary Separation Scheme (VSS)
- Mutual Separation Scheme (MSS)
- Compliance to Labour Department’s Borang PK
- Employees Offboarding Process
- Best practices, case studies & discussion
Programme Details
Date: 20 November 2024, Wednesday
Time: 9.00am-1.00pm (breakfast starts at 8.30am)
Admission Price: RM45.00* (Material, certification & meals)
Speaker: Mr.Arulkumar Singaraveloo
*This a Non-HRD Corp Claimable programme.
Venue
Malaysia HR Forum Academy
Level 12, Menara PKNS, Jalan Yong Shook Lin,
46050, Petaling Jaya, Selangor
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About The Trainer
Mr.Arulkumar Singaraveloo
Arulkumar Singaraveloo has over 21 years of progressive HR experience in a world-leading semiconductor organisation, the world’s biggest nitrile glove manufacturer, oil & gas, education & training and transportation technology. He graduated with a bachelor’s in engineering (UTM) and obtained an MBA from Strathclyde University, Scotland. Arul has taken on roles as HR General Manager at and Human Resources Director (Business Consulting Services). A Business HR leader who is well acquainted with achieving business goals by ensuring all HR deliverables are aligned and delivered. Arul is familiar with business operations, including regulatory works for general business operations in Malaysia. In HR, he has deep experience in business partnering, recruitment, training and development and employee relations (IR/ER), talent management, and performance management with good exposure in compensation & benefits Management. Arul has had experience setting up an HR team from the ground up. He has led the labour and social compliance framework and developed management systematics on social compliance. He is known for his practicality in managing human resources and industrial relations issues at the workplace by employing reasonable and logical yet practical solutions to today’s business needs and introducing numerous tactical strategies to build a high-performance HR team. Arul is also the co-founder of Malaysia HR Forum, a fast-growing HR platform in Malaysia that has over 47,000 members and provides learning opportunities to HR practitioners and business leaders.