The offer of severance packages and outplacement assistance to terminated employees is wonderful, but it neglects the most important group; the survivors.
You have to keep the surviving employees engaged and productive, or your company won’t ever recover.
People often believe that after a layoff or downsizing, the surviving employees will work harder and be more productive because they’re grateful to still have a job.
But as this study shows, the opposite is usually true: ▶ 74% of employees who kept their job amidst a corporate layoff say their own productivity has declined since the layoff. ▶ 69% say the quality of their company’s product or service has declined since the layoffs. ▶ 87% of surviving workers say they are less likely to recommend their organization as a great organization to work for. ▶ 64% of surviving workers say the productivity of their colleagues has also declined. ▶ 81% of surviving workers say the service that customers receive has declined. ▶ 77% of surviving workers say they see more errors and mistakes being made. ▶ 61% of surviving workers say they believe their company’s future prospects are worse.
My experience has shown that organizations, regardless of size, are never prepared for layoffs.
As a leader, you must understand how to conduct a layoff with candor and compassion, as well as know how to manage your remaining workforce following a layoff in order to reduce survivors’ guilt. ➡ Managers NEED to be highly visible to their staff. ➡ Managers NEED to be approachable. ➡ Managers NEED to be transparent and candid in order to build trust.
If your company has to conduct a layoff, it is imperative that you do the following BEFORE: ✅ Train your managers how to both manage that process and deal with the highly debilitating aftermath. ✅ Leaders need to know how to manage people, how to increase employees’ coping skills, how to motivate employees and provide morale support.
⚠ If you don’t your culture will die. ⚠ If you don’t your brand will suffer!
Layoffs are never pleasant for either party, as I’ve been through several of them.
I was always the employee left behind! I’ve never felt grateful or happy.
There was ALWAYS guilt, overwork, and a feeling of anxiety that I might soon be next.
Do better!!!!!
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