We are living in the world of constant and furious competition. The cut-throat bull fight between the corporate houses have been seen in its very manifesto. But however, many of the very competitive firms have seen a doom's day in their history- thanks to the global recession and economic meltdown the world over. Many of the companies chose to get rid of the people they had in order to sustain in the market and atleast break-even. But is it the perfect counter strategy? i guess NO!!!
To support the big No on my part, i can draw some ground reasons :
To support the big No on my part, i can draw some ground reasons :
- First and foremost, the employees of any organization are not the liabilities and should not be treated like one. Rather they need to be utilised optimally so as to ensure full productivity to cut down capital cost.
- secondly, in the time of great turmoil for the organisation, the employees, being social and emotional support system of the organisation, can be motivated through proper mechanisms and genuine appeals. the other factors of production cant be cosidered in this matter. the empolyees, if motivated properly, can then be a great source of organisational strengh in any divastated conditions.
- if we talk about the indian corporate scenario in particular, we have labour in abundance and proper utilisation of the skilled and talented labour force can help the organisation generate revenues.
- the fact that the employees are one of the significant stake holder for the organisation, the moral and social responsibilty of the organisation towards them cant be put at stake.
- the new concept of HR Audit has given some techniqes to quantify the HR functions in the organisation. that renders the HR as a cost center of the organisation. in such case, if we employee and retrench people just like that the cost can not be coverd and the further damages can worsen the situation.
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