Downturns come just as frequently as upturns in business, and this is why you need to plan for a rainy day. Planning for this can take on many forms as just saving up for a financial hole is not enough. When an industry or an entire economy is going through bad times, you will need to enact a few contingency plans. Many of them won’t be nice at all and others will be a welcome challenge. Unfortunately, cutting employees is an effective yet unpleasant thing to do. However, in some situations, you either have to lose some people or the whole ship will go down with everybody on it. So, if you’re forced to do something then you should do it right. How could you cut the number of employees and not hurt your business as much possible?
Think of the stars
When you run a business, you quickly note employees who are worth their weight in gold. There’s something about them, that time and time again leads you to be impressed by their actions. They could be those that come in early for work and have a great attendance record. They might be people who are exceptional at their job, plain and simple. Other times they might be young yet so mature in their mind and contribute to new ideas in a way that you wouldn’t think somebody like them could. Last but not least, you may have certain employees that are just capable of snatching victory from the jaws of defeat. They come through in the final moments of a project or a task, and save the day. Think of who are your stars and don’t include them in the list of potential terminations.
Test them if you’re not sure
Maybe you are in between a hard place and a rock. Maybe you simply have to make a difficult choice between some great employees and by the end of the month of year you have to make a decision of who to let go. A performance evaluation or management from a professional team such as Quest Cover, can help you decide who is simply the best bet. Employees might look as if they are similar in performance, but a stringent and in depth test that checks every level of competency will weed out the weak. The company can provide you with remote tools or even come in for a meeting with you to talk about what kind of solutions you require. Some employees might need extra help due to some situations they face at home. They might be performing a little worse than the others but if they were to become more emotionally stable by you supporting their mental health, they could end up being the top dog. New ways of managing and improving their performance can be done with the latest tests and mindset understanding. For this however you should look toward a professional HR company.
Cutting the numbers in employees is never going to be a walk in the park. It has to be done if the situation calls for it. If you are going to do something, then do it right; especially when it comes to hiring and firing.