A company’s assets is its people 1

Much is being said about the impact Covid-19 has had on our economy and on the livelihood of so many people. People unfortunately have died, jobs are being lost, companies are restructuring and closing, employees are being retrenched and many workers are unsure as to what the future holds in store.

What is of concern to me is the way in which companies are going about firing or retrenchment employees based on operational reasons or whatever other reasons they give. In many instances there is no proper consultation taking place or there is consultation after the fact. Decisions are made and the employees are being advised, what is going to happen. This is wrong as there must be consultation with employees prior to restructuring, retrenchment and believe it or not firing.

However that is not my only concern at present. Of greater concern to me is the fact that the upper echelons of companies, the top managers who earn the big money and in many instances are the biggest liability in terms of payroll expenses, are making all the decisions about employees who in fact keep the businesses running.
Perhaps the way to go is to embark on a salary restructure from the top down and a reduction in the number of job grades before any jobs are lost?

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About Des Squire

I specialise in Employment Equity and Skills Development issues. Qualified facilitator, assessor, moderator, verifier and SDF. Available for any related assignments and or freelance work. If ou have a need let's meet to discuss. Quotes for training on request.

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One thought on “A company’s assets is its people

  • Zayne Constable

    Hi Des,

    I just want to say; good on you for pointing this out. This is happening all over currently and I thought I was the only one finding that just wrong. Just recently a few of my co-workers were laid off and the reasons given were just questionable. They were just asked to sign and accept the decisions made because it was for the good of the company.