Human Resources Leader says companies not planning to replace staff sacked during the economic downturn may see a “decrease in the quality and sustainability of knowledge workers’ performance”. It quotes research showing knowledge workers are “buckling under” the extra pressure.
This is basic stuff, but it shows HR professionals are at least aware of the problems created when businesses cut too many staff.
Large companies who cut staff in the downturn will struggle to recover the lost skills. What’s more, many savvy knowledge workers will avoid these employers in future.
Businesses have to understand what management guru Peter Drucker realised decades ago: That knowledge workers are an asset.