It's funny that when business is going well 'people' are the most important asset to the organisation. Yet when there's a downturn, they suddenly become 'human capital assets'.
It's possible for businesses to manage redundancies compassionately - but it means looking beyond the balance sheets both at the individuals who lose their jobs, and also those who are left behind - often with a bigger workload, greater uncertainty and little to no recogniton for their efforts.
I wish more businesses spent time and money learning how to value their people at all stages of their working cycle rather than simply slash and burn every now and again because their diasaffected workforce isn't happily producing double digit growth.
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