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Nobscot’s New RIF Manager Helps Companies Cope with Layoffs

Online Tool Measures Departing Employee Attitudes, Survivor Morale & More


HONOLULU (June 3, 2008) --- Nobscot Corporation today released RIF Manager, a Web-based survey and reporting tool designed to assist companies in recovering from downsizing. The product combines automated exit interviews, surveys of surviving employees, risk assessment, a severance calculator and a variety of other capabilities intended to help organizations deal with the repercussions of reductions in force (RIFs).

Using the methodologies developed for Nobscot’s highly regarded WebExit exit interview management system, RIF Manager includes online questionnaires that provide feedback on the perceptions of departing employees, identify important unfinished projects, measure the morale of the survivors, and solicit input on steps that must be taken to fill the gaps left by employees whose positions have been eliminated. Questions can be customized for each organization, and reports can be generated with a click.

To assist with the RIF process itself, the software also includes tools for quickly analyzing the gender, race and age of laid-off personnel for risk management purposes; a pre-built spreadsheet for calculating individual and overall severance packages; and a central location for housing information on outplacement resources, pension plans and other material helpful to those who have lost their jobs.

In addition, RIF Manager includes a "rebound recruiting" module to set the stage for rehiring high-performing employees in the event that positions can be restored. The module provides a system for tracking and contacting these employees as needed.

The package was developed to accommodate an expected increase in layoffs this year. In January, employment consulting and legal firm Career Protection predicted a 37% increase in 2008 layoffs compared to 2007, based on a survey of more than 1,300 corporate executives and senior level officials.

"Companies that restructure routinely provide outplacement services for the people they let go, but they frequently neglect to take the pulse of the remaining employees to figure out how best to move forward. That’s a major reason we developed RIF Manager," said Nobscot CEO Beth N. Carvin. "It provides an easy way to gauge the mood of the survivors, evaluate new organizational needs, and determine how well you handled the RIF process itself, as well as a suite of tools to support those who are laid off. It can smooth the way for the transition to the new corporate mission, whatever that may be."

RIF Manager can be setup and activated in less than two weeks and is available for one-time or ongoing use with all-inclusive pricing based on the size of the RIF and numbers of employees effected.

About Nobscot Corporation

Nobscot Corporation is the pioneer in exit interview management software designed to automate the exit interview process and help identify reasons for employee turnover. WebExit, the company’s flagship product, is the gold standard for exit interview automation. It is used by organizations in over 20 countries and received a prestigious Top 10 HR Products of the Year award from HR Executive Magazine. For more information, visit http://www.Nobscot.com.

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