Samantha Wallace’s Post

View profile for Samantha Wallace, graphic

As Human Resources consultants King & Co. has been building performance in business through people, culture, and safety for over 20 years.

Navigating Redundancies in 2024: How HR Can Turn Challenges into Opportunities   The New Zealand job market is experiencing shifts, with industries facing economic slowdowns and public sector cuts. So far, in 2024, over 4,000 job losses have been announced across both public and private sectors. Redundancies, while challenging, present an opportunity for organisations to rethink, reshape, and support their workforce.   Here’s how HR can play a pivotal role in guiding businesses and employees through these times:                  1.            Proactive Communication: HR professionals are crucial in ensuring transparent and empathetic communication during restructuring. Keeping employees informed about the reasons for redundancies and future plans can alleviate uncertainty and foster trust.                2.            Career Transition Support: Offering career counselling, retraining, or redeployment options can soften the blow of redundancy. By investing in employees’ future skills, companies can maintain goodwill and even help former staff transition smoothly into new roles.                3.            Wellbeing Initiatives: Redundancy can take an emotional toll, and this is where HR can lead in providing mental health support through Employee Assistance Programs (EAP) or wellbeing workshops, ensuring staff feel supported during difficult transitions.                4.            Optimising Talent Strategy: HR can help businesses realign talent to meet changing market needs, focusing on re-skilling and up-skilling remaining employees to adapt to new demands.   While the economic climate may feel uncertain, HR teams can be a source of stability, ensuring that redundancy processes are fair and compassionate and lead to growth for both businesses and employees.   By staying people-focused and solution-driven, HR can transform tough times into opportunities for renewal and resilience. Let’s work together to turn today’s challenges into tomorrow’s successes.   #HRSupport #CareerTransition #WorkplaceResilience #RedundancySupport #FutureOfWork

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics