This paper presents the problem of workers lay off and loss along with their exit from the organization its key competencies - skills and knowledge. Importance of management of key competencies was described. The paper also presents outplacement as a way to maintain core competencies even during...

A competitive advantage in this unpredictable environment depends highly on the management’s ability to use the available internal and external labor-market resources flexibly. It not only aligns with the supply and demand of the market, but with nominal distraction to the production process....