This one reason drives too many layoffs

We often talk about layoffs a cost cutting measure, but it could be down to one other issue. We don’t know how to give feedback. Sometimes, those rounds of layoffs are thinly disguised ways of getting rid of employees who are not up to standard. Except you may have never told them the standard in the first place. That will cost you. You need to do better.

You have to learn how to set expectations. You have to learn how to coach your employees. You have to learn how to hold standards. You have to provide opportunities for your employees to grow. And if, after having clear expectations and multiple opportunities for improvement, they still aren’t meeting them, it may be time to let them go. But be honest and provide a clear reason why.

Don’t just layoff your work force under the guise of saving the company money. Beyond what that does the people you lost, you will have a group of people left behind with low morale wondering if they’ll be next. Morale will tank, productivity will go with it. And then you’ll be missing sales figures worse than ever before.

You have to get better with feedback, because the fear of saying hard things is costing you money.

Daily writing prompt
What is the last thing you learned?

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