While redundancy and layoffs have become commonplace from the fall- out of Covid-19, the real impact of this short term solution has often gone unheeded. Many executives are unaware of the significant implications for the future of their organisation.
Majority of companies post redundancies suffer declines in profitability, persisting for three years as well as being twice as likely to file for bankruptcy.
Surviving talent experiences a 41% decline in job satisfaction, a 36% decline in organisational commitment and a 20% decline in job performance.
If done correctly adding Startup Outskilling to your HR toolset during redundancy and layoffs can deliver up to a staggering 15x RoI for your company.