Corporate Corruption and the HRM Function: Legal, Ethical, and Moral Perspectives
February 12, 2025
A competency framework is a comprehensive structure which describes different competencies with its specific set of behavioral indicators and measurement criteria. Most of the organizations have their own distinct set of competency framework which is in alignment to their visions and mission and long and short term organizational goals. There are certain clear benefits of […]
Leadership Development in Successful Companies The previous articles have discussed how the HRM function is now seen as a critical and crucial component of the organizational support functions. In particular, we have analyzed how effective people management goes a long way in ensuring better economic performance. Among the components of people, management that the HRM […]
Job evaluation as evident from the word itself aims at evaluating the job and not the person. It is a process of evaluating and determining the value of the job for an organisation. The evaluation is always in relative and not absolute terms. The idea is evaluate a certain job against other jobs in the […]
Recessions and downturns are part of a normal business cycle. When business is booming, corporations tend to hire more people than they need. This is the reason why these same corporations are later forced to lay off some of their employees during periods of recession. However, layoffs are seen as being inherently negative. Companies that […]
Introduction: Knowledge is Power Knowledge is power. This saying more than anything else captures the importance of knowledge in the contemporary digital economy and the knowledge economy. It is no longer enough to be the most strongest when the lubricant and catalyst of success is knowledge. This is the reason why organizations emphasize the fact […]
In these tough economic times, layoffs have become common in the United States and in Europe and the trend is spreading to all over the world. Therefore, the chances of being laid off from your job are increasing and hence, there a few things to do if you are laid off from your job.
In other words, look out for the warning signs, prepare yourself, and take steps to minimize the risks associated with layoffs. These steps include making your resume attractive, not taking on fresh loans and debts, and generally, prepare your family members for hardship even before you are laid off.
Apart from this, it is common for the governments to provide for unemployment benefits and therefore, you must budget your expenses in such a way that you and your family can manage for at least six months of unemployment.
The other aspect that is important is that as far as possible; negotiate a good severance package for yourself in case you are laid off. If you are higher up the hierarchy, chances are that your employer would give you a severance package that includes benefits for at least six months of employment. In case you are lower in the hierarchy, ensure that you get at least two to three months of benefits as your severance package.
Remember that in these times, layoffs have become commonplace and therefore, forewarned is forearmed which means that be prepared for any eventuality.
By making yourself valuable and indispensable you can ensure that, your chances of being laid off are reduced and even if you are laid off, you can find yourself another job in a smooth transition.
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