They are relevant, no doubt, but are HR teams equipped to deal with mass layoffs?
There is nothing cheap about loyalty, claimed George Clooney as Ryan Bingham in Hollywood’s 2009 movie Up In The Air. This, even as he flew across the country racking up air miles and leaving a wake of sacked people behind him. To be fair, that was his job—companies hired Bingham’s outfit to tell employees that they were being made redundant. It was all very civilised if extraordinarily cold-blooded.
Back then, we saw the film and told each other that such things would never happen in India. Indian companies were known to be paternalistic, organisations, often family-run, where values were seen as more important than bottom line. In less than a decade, we are seeing something entirely different. Loyalty is no longer prized. There are even companies like Ryan Bingham’s cropping up to take over the job of sacking people.
To be sure, the environment is bad. Torn between financial pressures and technological advancements, industries have been cutting employee cost in a big way. It has happened in media, where hundreds of positions have been axed. A recent report in The Indian Express estimates that more than 200 startups and close to 70 textile units have been shuttered in the past couple of years. Then, there’s biggie L&T, which laid off some 14,000 workers in the first half of 2017. Infosys, HDFC Bank, Tech Mahindra, Tata Consultancy Services ... the list of places where jobs have been axed is growing.
In most cases, the job of telling employees they’ve been sacked is handed over to the human resources department. Otherwise, companies hire firms such as Right Management, Optum, Human Dynamic, Husys Consulting, and Shilputsi to do the sacking.
هذه القصة مأخوذة من طبعة October 2017 من Fortune India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 2017 من Fortune India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Angelina's SECRETS EXPOSED
Brad Pitt and Angelina Jolie's longtime bodyguard tells all about how she turned his kids against their father
MAKIN' TOO MUCH WHOOPI!
X-rated host's booty call TMI stuns viewers
BIDEN WISHES ON THE STARS!
LAME lovebirds Jennifer Lopez and Ben Affleck are winging their way to divorce court after less than two years of marriage, according to spies who say the two are looking scrawny and wrecked because their toxic union is making them sick!
TOM SELLECK Life, Love & LUCKY BREAKS
SOME VERY VALUABLE ADVICE PUT THE BLUE BLOODS ACTOR ON THE PATH TO FAME AND FORTUNE
KIM’S CRISIS OF CONFIDENCE
THE HITS KEEP COMING AS KIM KARDASHIAN IS HECKLED ON LIVE TV AND TROLLED FOR HER FASHION SENSE.
CAT-EYE RENEE CLAWS BACK!
Dismayed fans ding her super-tight face
Kevin Breaks His Silence on Yellowstone
The actor opens up about the drama and his future on the Western series
Meet the First-Ever Golden Bachelorette!
Maryland-based grandma Joan Vassos tugged at our heartstrings when she made the difficult decision to leave The Golden Bachelor due to a medical concern with her daughter, who'd just given birth.
Princess Beatrice: Called to Action
With Princess Kate absent from public duties amid her ongoing cancer treatment, Princess Beatrice will be upping her responsibilities within the royal family.
THE SKYE'S THE LIMIT
An exclusive interview with style innovator Skye Drynan
JELLY LOSES BELLY AFTER RUNNING FOR HIS LIFE
ROLY-POLY country giant Jelly Roll has raced his way to a 70-pound weight loss! The 39-year-old Son of a Sinner singer, who once tipped the scales at more than 500 pounds, competed in a 5K race in Pasadena, Calif., on May 7.
UNCLE SAM CAUGHT HIDING UFO TRUTH!
Congress uproar as Kona Blue cover-up is finally exposed!
HOARDER JENNINGS' JUNK PILE!
Jeopardy! cheapskate loves his hideous trash
THE TALKING DEEAD!
GOLF great Rory McIlroy drove his wife into the rough just 24 hours after snubbing her on Mother’s Day, sources dish to The National ENQUIRER.
Angie's Plan to Turn the Kids AGAINST BRAD
Grapes of wrath! The legal battle between Angelina Jolie and Brad Pitt over their French winery, Château Miraval, has taken a sour turn.
KRIS JENNER CANCER TERROR
Reality TV clan in turmoil after doctors discover tumor and cyst
THE MORNING FOE!
Competing shows bring out the worst in Aniston & SJP
Olivia - WEDDING & A BABY!
Following her brave battle with cancer, Olivia Munn and beau John Mulaney are closer than ever
Kate UNDER PRESSURE
More than two months since she last appeared in public, Princess Kate is struggling as her return to royal duty is delayed again
SALMA USING GHOSTBUSTER TO EXORCISE OLD MANSION!
Movie vampire & family haunted by 20 grim spirits
Jennife & Cooke-CRACKS IN THE MARRIAGE?
Nearly five years after tying the knot, the couple appear to get into a heated argument in public
BOGEYMAN RORY DUMPS HIS WIFE!
GOLF great Rory McIlroy drove his wife into the rough just 24 hours after snubbing her on Mother’s Day, sources dish to The National ENQUIRER.
Falling in Love ALL OVER AGAIN
After a challenging period in their nearly three-year marriage, Gwen Stefani and Blake Shelton are stronger than ever
I'M READY FOR MY COMEBACK!
The former Food Network star opens up about her big return to TV after serious illness and heartbreak
HOLLY, BRIDGET & CRYSTAL - Greed, Jealousy and Manipulation: INSIDE THE PLAYBOY FEUD
Crystal Hefner exclusively weighs in on shocking accusations leveled at her on Holly Madison and Bridget Marquardt's podcast as insiders reveal new details of their long-standing bad blood
Howie's Mental Health Journey
Howie Mandel admits that living with severe anxiety and obsessive compulsive disorder is a daily battle.
MARRIAGE UNDER SCRUTINY
AS THE COUPLE'S RELATIONSHIP HITS A ROUGH PATCH, SOURCES SAY THEY HAVE BEEN LIVING APART AND REVEAL THE ISSUES THEY'RE FACING
SAVE BIG while eliminating medical debt!
Overwhelmed with bills from your doctor, hospital or dentist? Here's how to save a bundle while paying down health-care debt
DISEASE SCOUTING IN THE DIGITAL ERA
Digital platforms offer new approaches to identify diseases and time fungicide applications to save time and protect yield.
TRANSFER THE FARM NOW OR LATER?
Problem: Is it better to start transferring the daily operation to the farm heir or focus on the farm estate plan first?