Layoffs have became very common now a days.These Layoffs are very painful and stressful for companies as well as to the employees.
If the company has decided that layoffs are necessary and they announced it then one can make the best of a bad situation by taking different steps to come over from this situation.If things go perfectly, employees won’t ever have to do layoffs.
Layoffs are a major event and should be handled by top company executives.An advance notice should be given to the employees about the mass layoffs. As soon as the company know that they will have to do a layoff, if they hold a meeting and tell to employees about the reason for doing layoffs then this will allow some forewarning to the employees so that the actually layoff isn’t such a shock. It is a terrible thing for a family when parents goes to work daily, and one day comes home unemployed. Often one of the questions that people ask is, “how am I going to tell my family?” If your employees get some warning beforehand, they will be able to prepare their families for the possibility of a layoff.
After company layoffs, many survivors are required to cope with demands as a result of additional work that was previously performed by former co-workers. In many cases, the increased workload causes a decrease in effectiveness and productivity. Unexpected stress is caused to the workers. If you are in a similar situation, in order to increase effectiveness at work after surviving company layoffs consider implementing these pro-active strategies for approaching your job.
If you experience a layoff or job termination, you are usually eligible for unemployment. Apply immediately following the layoff. Your employer can not contest payment on a layoff or job termination as this is not a performance based loss. Also, you can have unemployment and severance at the same time. Do not forget to apply for unemployment immediately, even if you get severance. Stay aggressive in your job search. The market is very competitive. Use resources like free seminars at the unemployment office, library, community to help create new skills or enhance skills. This is also a good way to network.
Focus on your strengths. A negative attitude can affect your people skills and reduce your chances at finding a new job. Write out a list of your strengths and careers successes to boost your confidence. This will also help will preparation for possible interview questions.
Getting to hard numbers let’s assume that a company A sacks 10 per cent of its employees and promises to pay 12-months’ salary in advance. Also, let’s assume that on an average these employees earn Rs 20,000 per month. This will help them get Rs 2,40,000 in advance. This amount if planned and spent productively can help them cope financially till the time they get another job. If you have a debt of any kind — home loan, personal loan, credit card payment etc — make provision for that first from the money that you can squeeze out from your ex-employer. There is no point in defaulting on your debt as it may come to hound you later — via your credit rating — when your financial condition improves.
If this happpens then no employee can get into depress after getting the pink slip. The company has to think over the future of the employees because the top of the company will get an idea previously about the financial situation of the company then and there only they take the decision of layoff,s and if such situation occurs then they should provide saalry for atlest 4 months till that they can get settled in a next job.
