#sam stubbs

[indizombie]

Layoffs are the surest way of exacerbating a recession. The redundant worker loses income, and so do the supermarkets, cinemas, sports clubs, cafes and bars they spent money at. And it provides a bad example for others to justify their redundancies, turning it into an unnecessary downward spiral. It's usually bad economics. The cost of redundancies is typically 3-6 months of an employees salary. That means it's 3-6 months before a company starts saving money from the redundancy. Most layoffs occur at the end of recession, not the beginning, so the companies often pay for the redundancy and find themselves re-hiring quite soon thereafter.

Sam Stubbs, 'Now is the time for employers to keep faith with workers', Stuff

[indizombie]

There's no such thing as a company with demotivated staff delivering sustainable long term profits. That ended with slavery. My business hero, Stephen Tindall, once said that a great person with an average idea is far more likely to succeed than an average person with a great idea. So keeping quality people matters most.

Sam Stubbs, 'Now is the time for employers to keep faith with workers', Stuff

[indizombie]

The average time for an economic recession is 12-18 months. Given that this crash is caused by a virus, the recession may be savage, but also over faster than feared right now. Who knows. But however it pans out, in tough times companies often can't see the recovery just round the corner. And if they fire staff, when the recovery comes (and it will) they will be understaffed, and spend time and money rebuilding teams they fired in a panic.

Sam Stubbs, 'Now is the time for employers to keep faith with workers', Stuff