MANAGING REDUNDANCY IN WORKFORCE PLANNING
REDUNDANCY There are various seasons in the lifetime of every business entity, great times bring growth and expansion and tough times are managed with various strategies so the business can avoid the darkest threats of closing up and one of these measures is to reduce the size of the employees through a well thought out plan. In human resource management, redundancy refers to the process of terminating employees from their employment due to various business reasons, such as poor economic conditions, job categories becoming unnecessary, lack of projects or funds, relocation of business, or discontinuance of business operations. Redundancies can be either voluntary, where employees choose to leave when offered the option, or compulsory, where the company selects employees to be made redundant, often using techniques like "Last in First Out (LIFO)" to determine who is affected. Here are a few areas to consider as a business leader or a Human Resource practitioner as far ...