Efficiency Initiatives Driving Layoffs at Major Companies – by Kathleen Joy, Lumierework™

April 04 18:57 2023
Why Investing in Human Capital is More Important Than Ever

Major companies such as Facebook, Amazon, Google, and Spotify have recently made headlines with their layoffs and efficiency initiatives. While some of this efficiency work may be done through technology, the brunt of the burden often falls on employees who are often expected to do the same amount of work as before, but with less resources and support. This can lead to work intensification in terms of both the amount and the pace level, which can result in negative outcomes for both employee well-being, morale, and job performance. The pressure to work faster and harder can result in stress, burnout, and decreased productivity in the long run. Organizations must recognize the human cost of efficiency initiatives and find ways to support and invest in their remaining employees to prevent negative outcomes.

One way to tackle work intensification is to invest in your organization’s human capital. By helping employees to tap into their full potential and leverage their intelligence and brilliance, you can empower them to find meaning and build resilience even in the face of overwhelming challenges.

An expert in this field, Kathleen Joy, Founder of LumiereWork™ and author of Empowerment Amidst Chaos, points out that there is an opportunity to be seized by focusing on employees’ growth and development. It can bring significant benefits to your organization. Not only will it help to boost productivity and performance, but it can also foster a positive culture and improve employee retention. By creating an environment that supports learning, growth, and development, you can empower your employees to reach their full potential and contribute more effectively to your organization’s success.

Being an Executive Coach to numerous C-suite leaders Kathleen Joy confirms that in helping people become their very best, organizations can not only improve employee well-being and job performance but also lift morale and engagement. This is especially important in lean organizations where employees are expected to do more with less.

In conclusion, while layoffs may be a necessary part of efficiency initiatives, fostering human capital is a smart strategy for organizations looking to navigate the challenges of today’s business environment. By helping employees become their best selves, you can unlock their full potential and build a stronger, more committed and resilient workforce.

Article by Kathleen Joy, Founder of LumiereWork™ 

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Website: https://www.lumierework.com/

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