Retrenchment at workplace

[Sherry7788]

Growing a business is complicated. According to SBE Council, 89% of all businesses employ fewer than 20 employees. And scaling a company further is contingent on solving a number of business challenges — most of those being common across all organizations out there.

 

[Mostee501]

Before retrenchment will take place it must be carefully planned. Retrenchment can be caused by bankruptcy,economic hazards amongst others. But there should be some benefits to the affected staffs before the leave.

 

[Sheun450]

Retrenchment or redundancy affects different people in different ways. Some take the ... I was associated with my first workplace fatality at age 21, the girl involved was young, intelligent, vivacious and friendly. Such a ...

 

[Onachukwu]

• Retrenchment is a form of dismissal due to no fault of the employee, it is a process whereby the employer reviews its business needs in order to increase profits or limit losses, which leads to reducing its employees.
• The employer must give fair reasons for making the decision to retrench and follow a fair procedure when making such a decision or the retrenchment may be considered unfair

 

[Abdul Naveed]

Although recovery is a financial blow, it legally allows you access to many benefits. This includes better tax rates, discounts on premiums and even debt repayment. If you have recovered, you can collect R500 000 tax-free from the combination of your return package and pension.

 

[Abbeyola]

Assuming there is a major economic downturn in the the economy, most companies won't have any other choice but to lay off some workers to be able to stay afloat.

This decision is always going to be a very difficult decision for the company to take. Now let's say this is your company and you have no choice but to lay off some of these staffs that you are so fond of,how will you break this news to this workers to lessen the effect of this devastating news?

Retrenchment is more or less like a night mare to employee, because hope are being dashed due to down sizing of the business organization,and it mostly occur when an organization is not really making profit or there is a problem that concerns the management of the business organization.

 

[Mahnoor]

• An employer may retrench employees for “operational requirements”.
• Operational requirements are requirements based on the economic, technological, structural or similar needs of an employer, in other words, the “business needs” of the employer.

 

[gbadebo9]

It is something workers don't pray to happened to them because vit can accelerate them to early grave especially those that don't have any other means than civil service job. At the moment most of workers are preparing life after retirement so they will not become nuisance. Most of their dependant don't given them the rest of mind to know what to do before retirement and to start doing it at least 4yrs before retirement.

 

[Husnainali]

How much do you get paid for re-surgery?
Strict Salary a Retrenched employee must be paid at least 1 week's salary for each full year of current service. However, the employer will have to pay the re-employed employee the amount specified in any policy or employment agreement, if that amount is higher.

 

[tuna89]

Breaking the news to the workers is never a problem, where the problem lies is when you retrench workers without paying them some benefits, you can always invite them to a general meeting after which you officially send them the required text messages, the benefits paid to them would survive them for a while, workers also should watch their spending habits and learn to save for tough times.

 

[Erik4150]

If you have to lay off some of your workers make sure it is the less competent ones, the workers you can do without. You should break the news by sending a letter or a mail informing them of the bad news. You should compensate them by adding some extra money to their pay after laying them off.

 

[solomonmali]

Many workers are legally entitled to a notice period and severance pay if they are retrenched. Most awards and workplace agreements specify the requirements. Businesses which has fewer than 15 staff may not be required to pay workers severance pay.

 

[Highflyer]

Retrenchment of workers is a very painful decision for most employees to make but it is unavoidable in most cases. When breaking the news to the affected workers, you can help to mitigate the effect by offering them connections to other companies where they can apply for jobs. You should also pay them all their pending bonuses and salaries.

 

[Niftyyem]

I agree that it is a very difficult position to be in but at the same time, there is absolutely nothing that can be done about that unless you want to be the callous boss who makes his employees work without any hope of paying them.

 

[Ayokex]

Retrenchment is part of the way a business is run but it should be handled with respect and dignity. You don't just wake up one day as company director and fire some your employees without any tangible reason. The kind of relationship between the employees and organization will determine how they will receive the development.

 

[Chibson]

Sometimes such crisis arises in businesses and organisations. They have no choice than to lay off some workers in order not to go bankrupt. This is one of the reasons I wouldn't like to work for anyone because of job insecurity.

 

[Setfragil]

Retrenchment is not really a good thing but when it is done as the last resort in order to find solution to a business problem, we have no choice than to let go of some people. If it is one of your favorite staff that was affected by the retrenchment, you will call him to your office and let him see the reasons for your decision and promise to support him in any way that you can in future.

 

[Shigobad20201]

Assuming there is a major economic downturn in the the economy, most companies won't have any other choice but to lay off some workers to be able to stay afloat.

This decision is always going to be a very difficult decision for the company to take. Now let's say this is your company and you have no choice but to lay off some of these staffs that you are so fond of,how will you break this news to this workers to lessen the effect of this devastating news?

I also lost my job during the covid-19 lockdown and i was so devastated , we were just told on message that our service is no longer needed because they can no longer continue to pay us.

 

[Richard92]

Retrenchment of workers in workplacestake place when the business is running at a loss. The business owner devised a new idea by reducing work is when he or she can no longer pay workers or manage such business.

 

[Sariana23]

Retrenchment of workers is a very painful decision for most employees to make but it is unavoidable in most cases. When breaking the news to the affected workers, you can help to mitigate the effect by offering them connections to other companies where they can apply for jobs. You should also pay them all their pending bonuses and salaries.

Excellent, among all the publications I had not read this which is important, provided you have the opportunity and good relations with the companies, the owner can help the laid off employees to get a new job through connections.