3 ms·
Laying off people in a large organization is often very expensive, especially if you only think you need to cover a temporary drop in demand. - Redundancy proc
by notauser 18y ago
Laying off people in a large organization is often very expensive, especially if you only think you need to cover a temporary drop in demand.
- Redundancy process fees including consultants.
- Salaries for the length of the consultation period.
- Stress and de-motivation in the retained workforce.
- Severance or early retirement pay.
- Recruitment fees and signing bonuses once/if the staff are needed again.
- Loss of efficiency and experience of new hires compared to old staff.
I can easily see that coming to a lot more than $80k per post.