Retaining your best and most valued staff is a constant battle - the great ones are in demand and they know it! Here, we have listed the top 7 ways we know will help to reduce the likelihood of your key staff departing for greener pastures.
An often overlooked factor of redundancies is the emotional needs of retained staff - the last thing a business needs is to action a series of redundancies only to lose remaining staff or experience reductions in productivity on the back of a significant drop in morale. Fortunately, there are tried and proven ways to manage the morale of retained staff through all stages of a downsizing.
The current economic climate has seen many businesses using redundancies to downsize and ensure long-term viability. Undertaking redundancy action requires careful compliance with a variety of requirements. Make sure you know your obligations before heading down that road.