What are some alternatives to redundancy in the workplace?

What are some alternatives to redundancy in the workplace?

There are several alternatives to redundancy, such as job sharing, retraining employees, and offering voluntary severance packages.

How can job sharing benefit both the company and employees?

Job sharing can enhance work-life balance for employees while maintaining productivity and reducing costs for the company.

What about retraining employees? How effective is that?

Retraining can be very effective, as it helps employees adapt to new roles and technologies, preserving valuable skills within the company.

Are there any financial implications to consider with these alternatives?

Yes, while alternatives like retraining may require upfront investment, they can lead to long-term savings by retaining talent and reducing turnover.