This #retrenchment figure is rife and growing on daily basis.
Retrenchment is equivalent to a divorce in a family, full of #emotion, and affects the whole #organisation.
It causes misery, battling, uncertainty, and unproductivity. It is not easy for an #employers to retrench.
It is a very painful exercise indeed, with a lasting negative impact. However, it becomes inevitable to keep the ship afloat.
Here are some ways to manage the painful exercise slightly better:
1. Be as #transparent as possible
No one likes to hear bad news, but it becomes worst if the truth is held back.
2. Give sufficient #notice
No amount of time is ever sufficient, but at least advance notice gives them time to plan for themselves and their family.
Correct #training and #support is required to handle this retrenchment process with extra sensitivity and #compassion.
If not handled well, the instability, uncertainty, and ineffectiveness can create undue turmoil.
What is the best practice in this fragile situation?
Should an organization resort to retrenchment?
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