Thursday, December 9, 2010

BUAD 336 Contribution

Effectively Managing Layoff Survivors

            During times of economic downturn, many companies are forced to layoff many of their employees.  While it’s hard on those who have been laid off, it is also hard on those who have not been laid off.  The survivors are often affected very severely by the loss of their co-workers. They are worried that they themselves will be laid off.  They also mourn the disappearance of their friends.  It makes them wary of team projects and further relationship building in the workplace because they don’t want to risk losing another friend.  In order to combat this, managers need to do several things.  For one thing, they need to communicate quickly and effectively with their employees and let them know if there will be more layoffs or not.  They should also be told why there are layoffs.  They also need to reassure their employees that feeling depressed and solitary is normal.  Also, managers need to be keeping up with employee concerns with the increased workload associated with the loss of part of the workforce.  Increased work can lead to increased frustration and dissatisfaction.  Another thing managers should do is instill long-term interest in the future careers of the survivors of the layoffs.  Finally, managers need to be assessing the results of the layoffs.  If it isn’t working, then they need to find out why and how to fix it.

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