* Incentivizing Cooperation: Offering training and job placement services to displaced employees provides them with a tangible benefit, making them more likely to cooperate during the transition period. This helps ensure a smooth transfer of knowledge.
* Maintaining Morale: Providing support such as training and job placement services helps maintain the morale of the displaced employees, demonstrating the company's commitment to their future success even after they leave the organization.
* Knowledge Transfer: Ensuring that displaced employees are motivated to assist with the transition helps secure the transfer of critical knowledge to the retained employees. This is crucial for maintaining operational continuity and minimizing disruptions.
* Ethical and Legal Considerations: This approach aligns with ethical best practices by offering fair and supportive measures to employees being laid off, thus potentially mitigating negative sentiments and legal risks associated with layoffs.
References:
* SHRM-SCP Exam Content Outline
* SHRM guidelines on managing layoffs and knowledge transfer