When companies are going full-tilt, he notes, they often do not have time to sweat the details. Companies should also now enhance productivity and prepare for the next big drive, he says. In the end, some firms will have no choice but to let people go, says the consultant, who heads William M. Mercer's human capital practice for Eastern Canada. He cautions these companies not to burn any bridges with departing staff. They may need them again in the near future.
People are an investment.
Companies spend massive amounts of money on training. When you let people go you are writing that investment off. The Globe and Mail . Republished with permission. All Rights Reserved.