CIPD HR People Pod – Ep 18: Labour Market Outlook | Managing redundancy | Mini-retirement
33 snips
Feb 26, 2025 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.
AI Snips
Chapters
Books
Transcript
Episode notes
Reskilling Success Story
- A CPO successfully reskilled a third of engineers facing redundancy due to operational changes.
- This improved customer service and morale, demonstrating the long-term value of reskilling.
Skills Gap and Reskilling Investment
- 74% of CEOs globally cite skills gaps as their top concern, yet only 14% invest in reskilling.
- Jane Casswell at Bank of England champions skills development and people-centric practices.
Prioritize Long-Term Impacts
- Organizations should prioritize medium and long-term impacts over short-term cost-cutting.
- Evaluate all options before resorting to redundancies, considering both financial and human factors.
