Employee Loyalty During Recession

Attrition (Workforce Reduction)
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Vinutha Ajay
Student (MBA), United Arab Emirates
How does one keep the remaining employees loyal to the organization after redundancy due to recession? (...) Read more? Sign up for free

  Sekhar
 

Retention of Loyal Employees During Recession

Here are a few tips:
A) Motivation - encourage them by having a closed door one-to-one chat and briefing them about the reasons why their work is important for the organization during such trying times
B) Review pay package - since many employees are likely to be terminated during recession, perhaps a few can also be given a raise (at least a few chips) to keep them cheered up
C) Double bank positions - put two (or more) people to work together to enhance their individual skills to contribute productively to the organization
D) Reduce work time - where ever possible, reduce work timings at least for a while so that existing employees do not feel overburdened; anyway productivity is low.
E) Re-structure organizational chart to provide more responsibilities to prevailing employees without intentionally increasing the workload.
Hope this helps!! Sekar.

 

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