During the pandemic, every company and organisation had to face a variety of challenges, and one of them was downsizing. The downsizing can either be done in one go or in batches, which can cause distress and even anger in their employees, both those who got laid off and those who were left behind. Those…
Tag: Retrenchment
Coping with the Emotional Impact of a Layoff
Being laid off from work can be a stressful and overwhelming experience, especially if you were not told why and if you have been working on the job for a long time. For some, the layoff can become a new break for them to try something new or closure to an already strenuous relationship with…
Were your Fired or Retrenched? Know the Difference to Get your Rightful Benefits
The COVID-19 pandemic has definitely changed how businesses conduct their operations, and the impact is felt at every industry level. The employment figures of a company will be a great indicator of how businesses are fairing, and it does not look promising. Here in Singapore, analysts project that around 45,000 to 200,000 people will likely…
Bad Retrenchment Practices for Companies to Avoid
In recent months, many employees have been on edge because of the sudden mass retrenchments ordered by some of the country’s top companies. Experts say that these retrenchments will continue as the world tries to recover from the pandemic. Employers even say that given the uncertainty of the market in the post-pandemic world, retrenchments should…
What Are The Tech Companies That Have Retrenched Their Employees This Year?
In recent months, tech companies have made headlines not for their new products and services but for the mass layoffs they are enforcing without warning. From large to small companies, they all cut their staff numbers, announce additional layoffs and sometimes, they do not fully expound why dismissal was necessary. If you are considering joining…
10 Ways to Support Employees During Times of Crisis
A crisis can happen at any time, and when it does happen, companies must be able to enforce crisis response measures to reduce its impacts on the company and its employees. These measures should help everyone throughout the crisis and even after it to make it easier to go back to normal. Any crisis can…
Getting a Pay Cut? What to Do Next?
The economy has constantly been under siege by unforeseen shifts in the world economy like recessions, pandemics and even armed conflict. As a result, companies have to introduce strict actions to keep themselves afloat, such as pay cuts, layoffs and recruitment freezes. Pay cuts entail a reduction in one’s monthly salary. The reduction percentage depends…
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