The Academy for Chief Executives, a leading provider of experiential business learning® facilitates groups of CEOs and Managing Directors who meet together every month to network and take full advantage of experiential learning. Part of membership involves members taking their issues to the table and discussing them with their peers.
At a recent meeting, one of the CEO members raised an issue regarding building motivation of remaining staff post redundancies.
Advice came from those who had made people redundant or had been made redundant in the past:
- Announce and complete as quickly as possible
- Cut deep rather than repeatedly
- Seek legal advice to minimise risk of reprisal
- Communicate openly and honestly the reasons and basis for redundancy to everyone
- Confidently and positively share a compelling picture of the future and strategy / tactics to rebuild
For confidentiality reasons we cannot divulge all of the advice provided by our members – however, we do hold open meetings where guests are able to attend and experience for themselves the real power of ‘The Board You Could Never Afford®’. To find out how you can take advantage of advice like this every month, visit www.chiefexecutive.com.