Insider's Eye: Feeling the Crunch? The Role of HR When Times are Tough
Insider's Eye: Feeling the Crunch? The Role of HR When Times are Tough
As the global economy continues to slow down,?South Africa's SME businesses find themselves under increased pressure to reduce operational costs. Businesses cannot rely on a sudden upturn in the market to help keep it afloat, and as a result more and more businesses are compelled to take active measures to ensure their survival.?
One of the first solutions most?business owners consider is retrenching employees?which, when done properly, can be an effective measure to reduce costs, but?it is not the only option. By examining the nature of retrenchments, the procedures that need to be followed according to local legislation, as well as possible alternatives,?a light begins to appear at the end of the tunnel.?
Written By Tim Germond, BSocSci - LLB
Four Powerful Insights that Speak Volumes of the SME Progressive Discipline Landscape [Infographic]
Both?retrenchment and progressive discipline are difficult practices,?involving?complex people management skills and in-depth?labour legislation knowledge.?
A well-rounded and?seasoned HR professional will provide the experience needed to?navigate these challenges?that all business leaders?encounter at some stage in their company.
Contact us?if you would like to schedule a session to discuss your particular needs.