Organizational revival is a progressive process to deal with technical challenges and compete in the marketplace. In the process of restructuring, companies are often involved in heavy layoff and recruit highly talented technically equipped professionals to augment brand image and gain financial advantage. They can eliminate old employees with traditional mindset and replace them with dedicated employees having multiple cognitive knacks. Companies face major challenges for hiring for similar roles whereas firing personnel.
Companies
adopt hire and fire policy for professionals in a similar timeline to cope up
with major shifts in the market. With drastic technical changes, strategic
priorities also alter. Such factors push management to hire ideal and AI
professionals and fire employees that are not well armed with modern
technologies. Sometimes, to meet financial requirements and manage the
workforce, companies may eliminate expensive roles such as legacy systems,
outdated admin, or middle management. Such roles are compensated with
recruiting freshers who have ability to navigate projects successfully in
pioneering areas such as artificial intelligence, cloud computing and
computerization. Businesses today are more focused on high-growth departments.
Therefore, companies downsize outdated divisions that are obsolete or not in
high demand in the marketplace.
Other
vital factors of hiring and firing at same time are merger, acquisition and
changes in management teams. When two companies combine, new leadership is
formed. New management hires according to its requirement to fire duplicate
positions of employees. Business leaders and stockholders often adopt
this process and think it is justified for the unprecedented future growth of
the company.
Progressive
bottleneck of hiring and firing in company:
Constant
layoff and immediate appointing new employees in a company corrodes brand
image. Professionals applying in such companies may develop job insecurity like
“I may be next”. Actual scenario of firing and hiring is visualized
in Bengaluru’s giant finance company where software professional has applied
for top positions. He successfully cleared all rounds of interview processes
and got an offer letter with a handsome salary. While keeping updates about the
company, professional noticed that the company is firing its old employees
heavily and advertised new posts to hire fresh candidates. It was shocking to
the professional and forced to take decision to reject the job. The major block
of hiring and firing at the same time for a company was losing a highly
talented top management professional who had a caliber to bring vast changes in
company and fill financial treasure.
Several
issues knock on the workforce when a company recruits professionals for the
same position immediately eliminating the old employees. As it is not justified
to hire an employee for the same position after layoff of an existing
professional. Such action may negatively impact on the morale of personnel and
lose faith on the leadership team. There are operation hazards linked to the
hiring and firing process in companies including low employee self-esteem,
varied strategic signals, loss of institutional knowledge, and potential legal
accountabilities.
Main
pitfall of hiring and firing process in disengagement and fear of joblessness.
Employees try to preserve their job and lose interest in productivity,
innovation. They make mistakes and do not utilize their creative knack to
complete the projects. Simultaneous downsizing in a company due to lack of
management skill may put a heavy financial burden on the company and reveal an
incompetent workplace. Companies in the hiring and firing process may have
trouble retaining high performing professionals as they flee from such a toxic
environment and leave the company as a feeble talent group which may struggle
for survival in the marketplace. Bulk firing can lead to massive brain drain
because existing employees have historical context, client rapport, and good
knowledge of internal processes. Expedia, a giant travel company is a
typical example of immediate hiring and firing in the tech and travel sectors
to restructure its business landscape. They did battered dismissals in product,
tech, finance, and even senior leadership. At the same time frame, companies
open massive new positions and change team structures. In order to
integrate artificial intelligence and machine learning technologies. They
eliminated long-tenured operational positions, flattened management layers in
Seattle and Austin and recruited professionals who have specialized talent in
the field of modern cloud infrastructure, data science, and AI development.
With the effect of simultaneous hiring and firing, Expedia underwent severe
business crises such as fights in a cutthroat market against heavyweights like
Booking Holdings.
When
established multinational companies consider laying off seasoned employees in
order to match with the latest technology and hire fresh candidates who have
advanced technical training, it may trigger a threat to business performance.
Seasoned employees are a great asset to a company as they have years of
experience and are major contributors in shaping the growth of the company.
Such employees when excluded, may join a startup or rival company
to ascend the business into new heights and spoil the growth of the former
company as they know strategies, work environment and management style to deal
with marketing challenges. They can use such a knowledge base to newly join a
company and increase financial treasure.
Such
key pointers in hiring and firing at the same time warn companies to make wise
decisions and sensibly retain talent brains to tackle rising business
challenges due to technical shifts. Recently hiring and firing in similar time
may explode as the business world has adopted a novel concept of technologies.
Companies are pushed to involve in firing manual workers to exactly hire AI
capabilities and technologists having a range of soft skill sets.
Last
word:
Simultaneous
hiring and firing are common tactics in modern corporate management to grab the
market. Growth and innovation factors gaining impetus in the hiring and firing
process. In anticipation of becoming a market magnet, companies utilize such
processes. Leadership teams must have to be cautious in layoff and recruiting
employees because sometimes it may backfire and the company has to pay a heavy
price. Real-time hiring and firing pose a serious threat to a company's
productivity. If mishandled, it can lead to the collateral damage to
self-esteem, official knowledge, and brand standing.
Important note:
Above article is an expression of the writer. Any resemblance is just a
coincidence. Writer is not responsible for any disagreement. Candidates may
take advice from a experts to know more about the hiring process.