Jasz
VIP Contributor
No matter how much money you have, no matter what industry you're in, no matter how successful your company is, it's always a risk to fire employees.
It's a business problem as well as a moral one. Sure, firing an employee can make your life easier by freeing up resources and eliminating costs. But it can also cause damage to morale, which can ultimately lead to lower productivity and lower quality work.
But even if you're the most skilled manager on the planet, there will be times when you need to make hard decisions about who stays and who goes. And when that time comes, here are three ways CEOs can avoid mass layoffs:
1. Talk with your employees as much as possible before making any decisions.
CEOs should plan for this possibility by communicating their plans to employees as early as possible. They should also be aware of the potential legal ramifications of mass layoffs and make sure that all affected employees have been notified in advance
2. Be very clear about what you want from each employee
3. Make sure that everyone knows what their role is.
4. The CEO should have plans for what to do when their company gets hit with a layoff.
It's a business problem as well as a moral one. Sure, firing an employee can make your life easier by freeing up resources and eliminating costs. But it can also cause damage to morale, which can ultimately lead to lower productivity and lower quality work.
But even if you're the most skilled manager on the planet, there will be times when you need to make hard decisions about who stays and who goes. And when that time comes, here are three ways CEOs can avoid mass layoffs:
1. Talk with your employees as much as possible before making any decisions.
CEOs should plan for this possibility by communicating their plans to employees as early as possible. They should also be aware of the potential legal ramifications of mass layoffs and make sure that all affected employees have been notified in advance
2. Be very clear about what you want from each employee
3. Make sure that everyone knows what their role is.
4. The CEO should have plans for what to do when their company gets hit with a layoff.
