Dave Wilkin, Co-Founder and CEO, 10KC.
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Economic uncertainty and fear for the future have led to mass layoffs and hiring freezes across many companies. And while these measures might be fiscally responsible and necessary, employee engagement is undoubtedly impacted when an organization downsizes or restructures.
A quick look at social media, and you can see how layoffs impact employee sentiment and trust within a company. Transitions can bring out a wide range of emotions, including guilt, anxiety, burnout and even anger. But beyond sentiments, employee morale impacts the businesss bottom line. One often-cited survey reported that 74% of employees retained after a layoff say their productivity declined afterward.
When thi…
Read the full article at: https://www.forbes.com/sites/forbesbusinesscouncil/2023/01/03/strengthening-employee-engagement-after-a-restructure/