As volatility and uncertainty in the global economy continues, many multinationals are taking (or considering) major changes to their workforce composition. Labor costs are typically the largest cost center for any company, so of course businesses need to understand how best to flex up and down as markets change. At the same time, a company’s greatest assets are its people so changes must be implemented precisely, thoughtfully and artfully.
Without the right strategy and protections in place, layoffs can be detrimental to a company’s inclusion, diversity and equity (ID&E) goals. In this episode of ID&E IMPACT, we discuss the nuances of thinking about how proposed restructuring changes might impact a company’s ID&E goals and offer tips to help guard against unintended discrimination during layoffs.
Click here to watch the video.