These are challenging times! It seems that, at least in Australia, we are yet to fully recover the confidence levels that existed before the financial crisis of a few years ago. This has led to less certainty in sentiment and in some cases, reductions in the workforce.
Leadership is imperative at any time, however our recent global and local economic plight brings the importance of leading well to the fore even more starkly. This is no more apparent than when the unfortunate situation arises where members of your team have to be let go, not based on performance but from a financial situation for the company involved. Redundancies are rarely pleasant however, when managed well, the impact for all parties involved can be minimised.
Unfortunately, the worst thing to happen to these organisations isn’t the fact that these redundancies take place, it’s the poor leadership which follows the redundancies. Consequences such as reduced productivity and engagement can linger for many months, or even years, especially when the process has not been handled gracefully. (1)