Managing Employees’ Decruitment Exercise during Corporate Crisis

Abstract

Restructuring anywhere around the world is often premised on the need to make a system more functional most especially when the existing system is either unable to fulfil its essence of existence profitably or when it is observed that such system is moribund but what do we say of a defective restructuring and how do we guide against such as a lot of organizations in trouble seek for solutions to their plight, they are found in more trouble and crises. Unarguably, lot of factors can be responsible for corporate crisis; from internal to external on a wider spectrum however in an attempt to solve this crisis a far reaching decision would have to be made on the various input into the business, processes and structure. This decision is often than none on the need to restructure the existing arrangement thus affecting personnel and other resources. From the personnel angle; it could be a wrong hiring decision, previous internal restructuring without training, over blotted staff strength, poor/sluggish personnel performance, among others. While in most cases employees’ go errors are often committed on the part of decision makers during the process of addressing corporate crisis. The thrust of this paper is on how to manage employees’ decruitment exercise during the process of solving corporate crisis without aggravating the crisis.

Keywords: Corporate crisis, crisis, crisis management, decruitment & employees