Redeployment and Upskilling Should Be Priority Before Turning to Layoffs in a Recession, Says HR Advisory Firm McLean & Company
Times of crisis put leadership to the test, and the window for acting on redeployment is small. HR teams and leadership must be intentional to avoid relying on layoffs wherever possible
TORONTO, Dec. 15, 2022 /PRNewswire/ - Amid signs of an economic recession, organizations across all industries are re-evaluating costs, resources, and options. McLean & Company, the trusted research and advisory partner for HR and leadership professionals worldwide, is recommending that HR professionals and leaders focus on redeployment opportunities as the primary solution when considering cost-cutting labor initiatives. To support HR teams and business leaders in their efforts to reduce costs in times of economic downturn while maintaining a positive employer brand, the firm has published its industry resource Redeploy Your Workforce During a Crisis.
“Layoffs are often the first cost-cutting option organizations resort to in times of economic crisis,” says Karen Mann, vice president of HR research, learning solutions, and advisory services at McLean & Company. “However, during a crisis, many parts of an organization change frequently and rapidly, and all areas aren’t impacted in the same way. This presents an opportunity to redeploy employees to areas of need instead of laying them off, which will better position the organization to return to normal once they’re no longer in crisis mode. It also decreases the likelihood of damaging the employer brand. This is playing the long game.”
When the economy is negatively influenced by factors beyond any organization’s control, the impact can be felt almost immediately on the bottom line. This decline in revenue as a result of a weakening economy leads organizations to reconsider every dollar they spend to help secure the long-term viability of the organization.
“When a recession hits, organizations are often forced into reactive mode,” explains Mann. “When HR is in cost optimization mode, it’s important to keep in mind not only the organization’s immediate budget goals but also how to best position the HR department for a quick recovery post-recession.”
McLean & Company recommends HR teams and leaders follow a redeployment roadmap. The roadmap, outlined in the newly released resource, consists of three steps to explore opportunities to redeploy employees instead of using layoffs. These steps include:
McLean & Company’s research emphasizes that redeployment should be an organization’s priority solution when cost-cutting initiatives must be considered, while layoffs should be pursued as an unavoidable, final course of action. While HR leaders and leadership are planning for the worst, they must navigate through the uncertainty and ambiguity with resilience and plan how to recall laid-off staff and return redeployed staff to their prior roles, if applicable.
To prepare for potential redeployment opportunities, HR professionals can download McLean & Company’s research-backed industry blueprint, Redeploy Your Workforce During a Crisis.
- Develop an Offboarding Plan to Manage Risk and Transition Employees Effectively
- The Complete Manual for Layoffs
For more about McLean & Company or to download the latest industry research, visit hr.mcleanco.com.
About McLean & Company
Through data-driven insights and proven best-practice methodologies, McLean & Company offers comprehensive resources and full-service assessments, action plans, and training to position organizations to meet today’s needs and prepare for the future.
McLean & Company is a division of Info-Tech Research Group.
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SOURCE Mclean & Company