What do you want to achieve by retrenching
Was is the best plan to get there?
Does your plan relate to what you wish to achieve?
Do you have facts and figures to back up your plan?
Are those facts and figures accurate? And would you be able to able to substantiate them, if anyone queries them?
How many employees do you see being retrenched? Is it a large-scale retrenchment
? If so, you must consider all the implications and time frames.
How do you plan on selecting employees you'll retrench? Does that selection process fall in line with your strategy?
When do you want to implement the retrenchment process? And why would that timing make business sense?
What do you propose paying as a retrenchment package? And exactly how much will all of this cost you?
What other assistance would you be able to offer your retrenched employees?
As you can see, there's a lot of thinking to be done before even seriously considering retrenchments. On top of that, there are countless legalities you should be familiar with. Otherwise, if you don't, your retrenched employees can easily take you to the CCMA! And you don't want that.
So, to learn more, in order to ensure that your retrenchment plans are solid and legally-compliant, get your hands on Retrenchments: How to make sure your retrenchment process is 100% correct,
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