Lloyd’s of London has published its first guide on trans and non-binary inclusion. ...read more
Over the past few weeks, the retail industry has been making redundancies at an alarming rate and many retail sector staff has felt the pain of losing their job or a colleague to redundancy.
So how can managers ensure that staff who are being made redundant or who survive are sufficiently supported as the uncertainty they are facing may cause mental and physical stress? Health Assured CEO and wellbeing expert David Price provides advice.
Uncertainty about the future is one of the biggest sources of stress. To reduce the impact of stress on staff it is important that employers provide as much information to staff as possible. Below are a few things employers should consider implementing:
After making redundancies, many businesses experience an increased turnover amongst remaining staff. This is often linked to the emotional state of staff who have kept their jobs and the on-going uncertainty that a major restructure can create.
To minimise staff turnover and support surviving staff, business should consider:
Managers require support too
It’s important that managers remember their own needs. While looking after the needs of their staff, managers can often forget that they too are likely to need some support to help them through the changes ahead.
Managers should identify where they can get support from, whether it be from colleagues, a mentor or coach or outside their organisation, such as an EAP provider.
*David Price is CEO and wellbeing expert at Health Assured.