Layoff Layoffs Layoffs this word is ringing in the ears of people in employment, off the employment more specifically people in IT Sector. It is not merely ringing but reverberating to the utter dismay and shocking of everybody. The reason cited is crisis in IT Sector on account of recession. The...
Layoffs
Using employees as a disposable resource led to lack of engagement and the entire employer employee relationship gets degenerated into just a transactional relationship.
It is important to invest in Re-skilling and Up-skilling programs for employees to enhance their skills and adapt to changing job requirements. By this, organisations can improve their ability to respond to changes in the labour market.
To avoid such unpleasant situation, organisation needs to focus on actions related to business growth and opportunities.
Matured business-planning use caution to balance the need to keep a certain 'bench strength' in an uncertain environment.
Employees expect that they are at-least treated as human beings and not just a commodity. So, HR needs to have true sense of empathy.
We can't express love and kill people, subsequently and still say "I still love you" on his/her grave. Efforts are to be directed towards avoiding layoffs and keeping people relevant irrespective of business conditions through L&D initiatives.
October 2024
