How Do You Value Your Employees?

There is a growing awareness that taking a cost focused approach to releasing employees could lead to a solution that is acceptable in the short term but not the longer term.

The traditional approach has been to release the more expensive employees first, without giving a lot of credit to their experience and knowledge. Many organisations have released employees with huge amount of knowledge and experience only to have to hire them back shortly thereafter as ‘consultants’ because they had the knowledge the company required to function correctly.

If you are in a downsizing or restructuring mode, consider looking at employees through a knowledge lens to ensure that you retain the key knowledge that your company requires and don’t fall into the traditional cost focused approach.


Knoco Ltd