An expected 250,000,000 people are due to be made redundant in 2020 leaving many HR professionals and businesses chartering unprecedented waters. With this moment of great global upheaval driven by the COVID crisis, HR teams have a new and evolving strategic role to play in the future of their organisations.
It's time for HR's role to move from being the executioner to taking the leadership role of driving positive change through difficult times.
In this white paper you will discover:
Humane and smart responses to unavoidable layoffs and redundancies aren’t just the right thing to do it’s also just good business.
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.