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Presentation On Layoffs

The COVID-19 pandemic has led to widespread layoffs as companies aim to cut costs and preserve cash. While layoffs target employees to strengthen savings, companies should view employees as family rather than just costs. Laying off employees harms them and their ability to support their own families. Instead of immediate layoffs, companies should unite employees and enhance togetherness during difficult times. A long-term, serving approach values employees' welfare over short-term profits and leads to mutual growth for employers and employees in both good and bad economic conditions.

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Jehanzaib
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123 views

Presentation On Layoffs

The COVID-19 pandemic has led to widespread layoffs as companies aim to cut costs and preserve cash. While layoffs target employees to strengthen savings, companies should view employees as family rather than just costs. Laying off employees harms them and their ability to support their own families. Instead of immediate layoffs, companies should unite employees and enhance togetherness during difficult times. A long-term, serving approach values employees' welfare over short-term profits and leads to mutual growth for employers and employees in both good and bad economic conditions.

Uploaded by

Jehanzaib
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Presentation….

COVID-19…

It’s impact on the world over


economy and the resulting
repercussions on the Employer-
Employee relationship
The primary consequence of this
pandemic

“Layoffs” which refer to temporary suspension(in some cases


even permanent termination) of employment of an employee(or
a group of employees)
Layoff Reasons:
(co-related to COVID-19)

 Preserve Cash
 Decrease in Committed Revenues
 Projects going on Hold
 Debtors (receivables) days increasing (hence bad
debts increasing).
Why Companies always target
their employees?
The Answer Is: To Strengthen the Savings… This is the
most key element to be understood
 We have to start thinking of employees as a “FAMILY”
 In a tight financial situation, we do not reduce our Family
members, instead we try to unite them and enhance
togetherness But,
 When it comes to our Businesses, we immediately think to
reduce the Head Counts, as if they are the only and highest
cost saving factor, right?
 Their contribution towards revenue is forthwith forgotten.

continued….
continued….

 The reason for this happening is that for us “Heart Count”


is less important than “Head Count”.
 We need to realize that employees also have Head Count (their
family) and fixed expenses – How will they meet it? Where they
stand?
 The employer must acknowledge that it is the blessing of Allah
Almighty that an employer is given the opportunity to hire and serve
their employees.
 But unfortunately, they (employer) believes that that it’s their efforts
and thinking that their respective organizations are profitable and
hence the employees should remain at their disposal – a very
wrong concept.

 Refer example on the following slide…


Number of employees increasing & then
decreasing from Max 15 (in good times) to
Min 2 (in tough times)

10 13 15 6 2

11 12 13 10
Please Wake Up…

 Employees are the greatest asset, it is through their hard work and
commitment that any company grow and prosper.
 Employer and Employee together is a Team and hence Employees’
welfare should be the topmost priority. [Although, Employees’
Discipline must be maintained at all times]
 HR policies also are usually employer oriented, these policies are fine
tuned to serve the interest of emloyers (example, making the
frequency of availing a particular benefit-such as staff loans once in 5
years , this gives the employer the benefit of reduced outflow).
 Generally, employers are reluctant to introduce retirement benefits –
Provident Fund (PF), Gratuity.
 If we take care of our employees in hard times, in good times they
will definitely take care of their organizations – good deeds/actions
have great influence and hence the rewards in future are even more
than expected..
Conclusion:
 All discussed/written in the preceding slides underlines that it
is the Mindset which needs to be restructured, one needs to
think differently, adopting a serving attitude in doing business
rather than purely profit-oriented.

 Companies should and can adopt profit earning strategies but


their Only aim must not be to Earn Profits.

 When Profit Earning is Foremost, ethical/moral values are


sacrificed, serving public interest becomes secondary and
ultimately “LayOffs” become evident..

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