Is it right to lay off workers in times of crisis?

Avec le soutien de

In times of CRISIS, laying-off workers should be last resort.

It is well-known that in hard times, the first recourse of many employers is to cut costs by laying off workers. Is it the right approach? We need to ask ourselves this question now as we have to face financial and economic crises. Employers should make redundancies only as a last resort; as it is a short-term fix and is detrimental to the company.

Businesses should instead plan for recovery and they can only do that by retaining their staff. In truth, businesses should invite their staff to participate in “cost-cutting exercises” and to come up with suggestions for reducing costs.

There are a number of legitimate ways to stave off redundancies.  Many big corporations are having recourse to them. These include short-time working, reduced hours, pay freezes, wage-cuts, and sabbaticals.

Mc Kinley in “Organizational Downsizing” rightly pointed out that there is considerable evidence that downsizing does not reduce expenses as much as desired and that sometimes expenses may actually increase”.

Lay-offs should be last resort. We have to find and fix the problem. Cutting jobs is not the best solution. Make the changes that will make the business better. Do not damage the very ones that made the business successful in the first place, its employees-its key resource-.

Areff Salauroo

Publicité
Publicité
Soutenez lexpress.mu

Pendant cette période post-confinement et en attendant que les nuages économiques associés au Covid-19 se dissipent, profitez de l’express, Business Mag, Weekly, 5-Plus Dimanche, de tous vos magazines préférés et de plus de 50 titres de la presse Française, Afrique et Ocean indien sur KIOSK.LASENTINELLE.MU.

Bonne lecture,

Protégez vous, restez chez vous !

Rejoignez la conversation en laissant un commentaire ci-dessous.

Ailleurs sur lexpress.mu

Les plus...

  • Lus
  • Commentés
Suivez le meilleur de
l'actualité à l'île Maurice

Inscrivez-vous à la newsletter pour le meilleur de l'info

OK
Pour prévenir tout abus, nous exigeons que vous confirmiez votre abonnement

Plus tardNe plus afficher

x