As an employer or human resources manager, you value your employees and what they contribute to your business. But when the competitive landscape changes or your business is facing a difficult financial situation, you may consider letting staff go to keep your business operating and profitable. Before you make a final decision, consider these factors.
How to Find and Keep Valued Employees
Small or large, for profit or not-for-profit, staffing is one of the biggest challenges for all organizations. So those employers who are able to find and keep valued employees gain the upper hand in today’s increasingly competitive labour market.
Where to Look for Diverse Talent
Embracing diversity in your workforce has benefits for everyone, such as creative problem solving, new ways of looking at work and promoting an acceptance of differences. By engaging people from diverse backgrounds, your organization shows that it values and reflects the communities it serves.