Having to make cuts to your staff, doing a round of layoffs, and downsizing your workforce is a reality of running a business. It’s not an easy thing to do and not only affects the people you had to let go, it significantly affects the people who still work for your company. They are the ones who will have to shoulder the extra workload. Plus, they are likely also concerned about their job security and may question your company’s motives and future.
Low morale, a dip in productivity, and lack of engagement are all common after downsizing. Companies need to address employees after layoffs to keep the team informed and engaged.
Here are some important tips from Toronto recruiters to maintain the status quo after a round of layoffs:
It’s very important to be open and honest with what led up to the decision. You need to communicate clearly and go out of your way to keep your team up to date. Set aside some time for your employees to ask questions about what led to the layoffs, why you took the approach you did, and how you came to your decision. Be forthcoming with explaining the decision. It’s not the time to keep your team in the dark about the situation.
Your organization will need to move forward. Company operations and people’s roles may change. One of the most effective ways to re-engage your team is to get them involved in setting the new direction. Ask for their input into how work should be distributed, get ideas about what should be prioritized and which projects need to be set aside for the time being. The more you involve the team, the easier it will be to move forward during this temperamental time.
Layoffs have an emotional impact on your employees. Some of their colleagues and friends may have been let go. Your team may also be questioning their role and future. There will be concern about what they should expect going forward.
Acknowledge that this is not an ideal time. Acknowledge that it’s okay for your team members to feel the way they do. Give them some space and time to take the necessary steps to get back on track.
IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Executive Search / Board & C-Suite, Technology, Media, Digital & Marketing, Accounting & Finance, Financial Services & Insurance, Cannabis, Startup, Data Science, Consumer, eCommerce & Retail, Operations & HR, Manufacturing, Supply Chain & Engineering, Legal & Professional Services, Pharmaceutical & Life Sciences, Non-Profit & Sustainability, and Sales. IQ PARTNERS has its head office in Toronto and operates internationally via Aravati Global Search Network. Click here to view current job openings and to register with us.
Riel is a Director of Client Services with IQ PARTNERS where he recruits across the full scope of multiple lines of business, with a particular focus in Financial Services & Insurance, IT, Human Resources, and Real Estate Services.