Strategies for Workforce Reduction in Turbulent Times

Reducing your workforce during turbulent economic periods is a tough decision for any business. This video provides insights into effective strategies for navigating headcount reduction while ensuring compliance with employment laws.

Understanding Employment Contracts

Reviewing the terms of employment contracts is the first step in workforce reduction. Explore how contract terms impact the process and consider legal obligations regarding redundancy and stand-downs.

Redundancy Considerations

Learn about the legal framework surrounding redundancy and its implications for both employers and employees. Understand the criteria for making an employee redundant and the obligations to provide notice and severance pay.

Stand-Down Laws

In situations where there is no work available for employees, stand-down laws may come into play. Explore the conditions under which an employer can stand down employees temporarily and the rights of employees during this period.

Navigating workforce reduction requires careful consideration of legal obligations and ethical considerations. By understanding employment contracts, redundancy laws, and stand-down regulations, businesses can implement headcount reduction strategies effectively while minimizing negative impacts on employees.