Everyone fears the big word retrenchment, simply because it’s often associated with losing your job, your main source of income and having to go through the grueling task of finding another one.
Often post-retrenchment, laid-off employees don’t really have a sense of what to do, they’re still reeling from the shock of being retrenched after all.
But with proper planning and post retrenchment execution, employers can lessen the effects of retrenchments on their employees.
But exactly why is proper post-retrenchment so important for employers to plan and execute?
For example, MYFutureJobs is on such site where retrenched individuals can go to, to receive job search assistance by SOCSO. But how does Job Assistance work? Well, that’s a topic for another article.
While all these benefits are aimed at assisting retrenched individuals, it is up to the employers to make sure their employees are fully aware of all the benefits that they can apply for after the disengagement.
To put it harshly, how their lives are after the retrenchment, it’s all down to you.