Wednesday, 2 July 2008

Redundancy - A personal view

The need for redundancies can be a time when corporate values hide at the back of the room. I worked at a company that liked to describe itself as a family to its people. During a previous economic downturn almost half of this family were made redundant. As you can imagine there was little mention of family during this time.

Thankfully, corporate values have come a long way. As exemplified by Alex in yesterday's blog post, although it is undeniably difficult, redundancy can be a time for professional and personal growth. It can also be a time for organisations to evolve in a similar way. During difficult times companies can learn more about their values and face searching questions about past conduct and behaviour. The way a company treats its people defines it as much as any values statement. Possibly more!

As individuals and companies face new redundancy situations it is wrong to say that the news is all good but it is encouraging to think that it is not all bleak either. When difficult situations such as redundancy are brokered honestly and with the interests of all parties receiving fair consideration, opportunities for future growth can be present also.

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