HR People Pod – Ep 18: Labour Market Outlook | Managing redundancy | Mini-retirement
Feb 26, 2025
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In this conversation, Mel Steel, a former HR director known for her skills in organizational transformation, and David Blackburn, an expert in people management, tackle urgent workplace challenges. They discuss how to manage the mental strain of redundancies and the importance of re-skilling employees instead of layoffs. The duo also explores the innovative concept of mini-retirements, advocating for shorter breaks that enhance work-life balance. Their insights shed light on navigating emotional HR dilemmas during uncertain economic times.
HR professionals can lead change by advocating for re-skilling redundant workers, which enhances morale and productivity during tough times.
Transparent communication and emotional support are essential for managing the difficult process of navigating redundancies and their impacts on individuals.
Deep dives
Celebrating HR Impact
A new campaign, HR30, has been launched to acknowledge HR leaders who have made significant contributions within the year. This initiative aims to counter negative perceptions about the HR profession, which is sometimes viewed as thankless despite its vital role. A case study was shared about a Chief People Officer who advocated for re-skilling redundant workers instead of immediate layoffs, which ultimately led to improved morale and productivity. This example highlights the potential for HR professionals to lead progressive change within their organizations.
Skills Development and Investment
Research indicates that a significant gap exists between CEOs' concerns about skills shortages and the investments organizations are making in re-skilling employees. Despite 74% of CEOs citing a lack of skills as a major concern, only 14% of companies are investing in training and development. An example was discussed involving the Bank of England's Executive Director of People and Culture, who has been working to identify future skills needs across various professional communities within the organization. This example illustrates the importance of strategic skills development in navigating complex organizational changes.
The Emotional Toll of Redundancies
The emotional experience of navigating redundancies is challenging for both HR practitioners and those affected. It's crucial for HR professionals to display empathy, understanding the profound effects that job loss has on individuals and their families. Practitioners are encouraged to establish emotional boundaries to mitigate burnout while remaining supportive to those undergoing the transition. Transparent communication about the reasons for redundancies and the available support can also help manage this difficult process.
Balancing Short-term Needs with Long-term Strategy
Businesses often face the dilemma of making swift decisions in response to economic pressures, such as reducing headcount to cut costs. However, it's important for organizations to assess both short-term and long-term implications of these decisions. By considering the future impact on workplace morale and productivity, companies may find alternative strategies to manage costs without resorting to immediate layoffs. Emphasizing the need for investment in efficiency and productivity, even amid financial constraints, can help ensure a healthier organizational culture.
Times are tough; is there an alternative to headcount reductions and hiring freezes? With redundancy intentions at their highest level in a decade, how can HR professionals manage the mental load of implementing redundancies and can there ever be a ‘best’ way to deliver news about job losses? Finally, is there such a thing as a ‘mini-retirement’?
In this episode CIPD Director of Profession David D’Souza is joined by Mel Steel, former HR director and interim people and transformation leader; and David Blackburn, Managing Director of David R. Blackburn Consulting.
Recorded: 21 February 2025
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CIPD HR30 Nominations
Time to recognise excellence in HR! The CIPD HR30 celebrates the top 30 HR leaders driving innovation, shaping workplace culture and making real impact. Do you know someone who’s making a difference, leading change and driving the profession forward? This is your chance to highlight their achievements and contribution. Visit cipdhr30.co.uk before 26 March to find out more and submit your nomination.
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