Turbulent Times Don't Have to Mean This

The unfortunate reality is that layoffs have recently begun to resurface in the headlines.
 
Obviously a disruptive and emotionally challenging experience for those affected.
 
With a substantial impact in terms of financial stability, confidence and even a person’s sense of identity.

Made even worse when not sensiteely handled.
 
However, the impact is not solely confined to the affected employees.
 
Because layoffs can also have a detrimental effect on the morale of the remaining employees.
 
And influence the reputation and culture of the organization.
 
Regardless of the level of employee engagement or commitment, or the strength of the organizational culture.

And from which recovery could take years.
 
Yet, when faced with challenges, organizations have viable alternatives that don’t necessitate turning to layoffs:
 

• Reduced work hours or voluntary furloughs.
• Hiring bans.
• Salary freezes, and reduced bonus payouts for a few quarters.
• Scaling back on other expenses such as business travel or real estate holdings.
• Offering voluntary layoff packages.

 
None of which are ideal, but which are preferable to being laid-off, particularly when communicated sensitively and effectively.
 
And which provide benefits such as preserving morale and motivation, as well as retaining valuable knowledge and skills within the organization.
 
Not to mention enhancing the organization's reputation as a responsible and ethical employer.