As business leaders many of you are having to execute layoffs in these difficult economic times. It is the toughest thing we have to do as leaders. While we don’t like to let anyone go, it is tolerable when someone hasn’t performed after the expectations have been set and they have been given a chance to succeed. However, when you have to let people go due to a layoff who have worked hard, delivered results, dedicated themselves to your cause, believed in you, trusted you and followed you…it is very, very tough to let them go due to a layoff.
As long as you choose to be a leader in the corporate world, you may face dealing with these tough situations. There is nothing you can do about that, but what you can do something about is strengthening your Leadership Foundation by how you act during these tough and trying situations.
As Leaders, we work for years putting blocks into our Leadership Foundation. Every time we show integrity, develop someone, recognize someone or make tough, but fair decisions; we put a block in that foundation. It takes years to build that foundation and one bad action can knock over all those blocks.
That action can be how you handle a layoff. Not only will it impact the people you layoff, but it will impact the people who stay. If the people who stay, many who are friends with the people you laid off, think you didn’t handle the layoff well, then your Leadership Foundation will start to crumble.
➢ Do you handle the layoff with respect and dignity?
➢ Do you offer outplacement so they can be prepared to find jobs
quickly?
➢ Do you keep open lines of communication with everyone?
In these times of free falling sales and profits, it is hard to think about your Leadership Foundation with so much else going on. However, this is the most important time to think about it AND strengthen it. How you handle these situations will determine your long term success and your legacy as a leader.
Written by Tony Petrucci. Tony is the President and Founder of Career Movement Career Coaching and Executive Search. Career Movement and Career Movement Blog
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