People are very important assets for everyone from a privet organisation to a political party or huge organisation, however sometimes CEOs or people who are in charge of organisation treat their staff as rubbish and look for some easy ways to get rid of them which is absolutely wrong. I don't like to write about knowledge management, tacit and explicit knowledge but you should concern that your organisation has paid loads of money to make managers,experienced labours. when you want to reduce labor costs you will lay off employees and freeze or reduce wages and benefits. This means losing your human capital as a key source of competitive advantage. However this source is not important for non-knowledge based companies but it is still a valuable capital ,do not lose it . Be careful about job hunters,they are every where watching your company. If you want to reduce your staff do it, but be careful don't give your competitive advantages as a lovely presents to them. Your strategy is very important ,you need to reduce your staff or hire new talent ,that is your right ,no doubt,but try to make a good reputation for your company and ensure it would continue to be seen as a good employer even though it had to reduce your workforce.For example in the dot-com downturn ,The company offered sabbaticals to some of its employees and offered to pay partial salaries to laid-off workers who went to work for charities and community ventures. It also helped subsidize the continuing education of former employees who wanted to advance their skills or change careers. Not surprisingly, when it came time for the company to start hiring again, it had no problem attracting a very talented pool of applicants because it was seen as a good place to work.Anyway,always try to adopt an appropriate strategy for your HR department if you want to have a successful organisation.
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