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Best practices in layoffs matter for the employees you lay off and the employees who survive the layoffs. Employee layoffs allow you to cut costs while preserving your relationship with your most critical employees. Plan first for your organization's future when you embark upon an employee layoff. These are best practices of employers toward the employees they must lay off. Find out how to help the employees who survive the layoffs maintain positive morale and motivation. Adopt best practices.
Interested in layoff information for employees? See: Got the Layoff Blues?
Copyright Dieter Spears
In the economic chaos prevailing in the world, many employees will lose their jobs. Unfortunately, you could be one of them. Depending upon your industry, the strength of your company, your continued sales (or lack thereof), your employment role, and the decisions made by government officials, the threat of a layoff could be imminent. Don’t bury your head in the sand and hope all of the potential threats to your job disappear. They won’t.
Copyright Stock_IMG Business
Your sales and profitability are not in line with your projections and goals. You've tried company-wide cost cutting and streamlined work processes. Departments have participated in continuous improvement discussions and plans. But, your expenses continue to mount. Your expenses are out-of-line with the current needs of your business. What are your alternatives? Often, there are no good answers.
Jack Hollingsworth / Getty Images
Downsizing or doing layoffs is a toxic solution. Used sparingly and with planning downsizing can be an organizational lifesaver, but when layoffs are used repeatedly without a thoughtful strategy, downsizing can destroy an organization's effectiveness. How you treat people really matters - to the people who leave and the people who remain.
Copyright Lisa F. Young
In response to a reader question, I shared some of my recommended best practices for employee layoffs. Layoffs are never fun, but using best practices as employers makes layoffs more palatable for the employees who leave, the employees who remain, and your reputation as an employer.
Image Copyright Andresr
No matter your circumstances, you all have something in common during and after downsizing - layoff survivors, those “could be,” “should be,” lucky employees who made the cut during the layoffs and downsizing. Most organizations invest their efforts in helping the downsized employees move on. This is ethical, reasonable and positive. Plus, your survivors are watching. But, even more important, is how you treat the employees who remain.
Stockbyte / Getty Images
If you do the right things right, you can minimize, and even eliminate, the negative organizational impacts of layoffs. Find out how to minimize the impact of layoffs and downsizing on your survivors, the staff that remain following a layoff or downsizing.
Severance pay is money that an employer might want to provide for an employee who is leaving their employ. Normal circumstances that might warrant severance pay include layoffs, job elimination, and mutual agreement to part ways for whatever reason. Severance pay usually amounts to a week or two of pay for each year of service to the company.
Employees leave your organization for good and bad reasons. On the positive side, they find new opportunities, go back to school, retire or land their dream job. Less positively, they are fired for poor performance or poor attendance
or experience a layoff because of a business downturn. In each instance, you need an employment termination
checklist to help the employee exit process go smoothly.
Copyright Sheryl Griffin
You’re sad, you’re scared, and you’re worried that your job might be the next to go. You’re also relieved, you’re thankful, and you feel guilty that you still have a job. You’re suffering from the loss of your coworkers, and despite being a downsizing survivor, you feel a bit like a victim, too. Welcome to the new world of jumbled emotions while you learn to cope with the loss of your coworkers in a layoff.
How you lay off employees in this economic climate really matters. Employees, both current and past, remember. In fact, sites that track employee comments about their company's layoff practices, show that employees remember their treatment, their severance pay, and whether the employer helped with healthcare. Let's look realistically at the impact of the layoff experience for employees.