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Retaining your company memoryMarch 24, 2009
What companies sometimes fail to realize is that these people are a repository of the company’s history. They know who did what, what was done right and what was done wrong for the last ten, twenty or even thirty years.
Think about it. Most people stay with companies two or three years and then leave. That means that most of the company’s personnel don’t know what happened before they got there.
So, to my way of thinking, letting what of these old timers go is like having a stroke. Its as if part of the company’s brain cells that control memory have been suddenly wiped out.
When you see the results of some of these layoffs you realize just how devastating this can be. Some examples in my next posting. Posted by Richard Gottlieb on March 24, 2009 | Comments (2)
March 24, 2009
In response to: Retaining your company memory Nate Scheidler commented: In Singapore, the companies are reducing hours rather than retrenching large sections of their workforce. The government is also chipping in by funding the retraining of the workforce. I was amazed that they even budgeted for that. When the recession ebbs and their economy is ready to grow, they will have a workforce that is up to date on the latest technologies and ready to take advantage of it. I was very impressed, and saddened that American government-industry-labor relationships aren't structured in a way to handle the recession with equal competence.
March 24, 2009
In response to: Retaining your company memory Nate Scheidler commented: In Singapore, the companies are reducing hours rather than retrenching large sections of their workforce. The government is also chipping in by funding the retraining of the workforce. I was amazed that they even budgeted for that. When the recession ebbs and their economy is ready to grow, they will have a workforce that is up to date on the latest technologies and ready to take advantage of it. I was very impressed, and saddened that American government-industry-labor relationships aren't structured in a way to handle the recession with equal competence.
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I am always amazed at the people that some companies choose to lay off during an economic down turn. It is usually someone who has a staff job or is in some other way seen as disposable. Typically, they have been with the company a long time and make a salary at the high end of their job description.