Coping with Layoff Fears

The COVID-19 pandemic has had a devastating impact on the global economy, and many employees are now facing the prospect of layoffs and job loss. This can cause significant stress and anxiety, and it's important for managers to provide support and resources to help their employees cope with these fears. Here are a few strategies that managers can use to help their employees during this difficult time.

One of the most important things that managers can do is to be transparent and open with their employees about the situation. According to a report by the Society for Human Resource Management (SHRM) (2017), "When employees receive accurate and timely information about changes at the organization, they are less likely to feel frustrated, angry, or concerned about their future." Managers should be proactive in communicating any updates or changes to the company's financial situation and its plans for the future. They should also be available to answer questions and address concerns that employees may have.

In addition to providing information, managers can also offer resources to help employees cope with the stress and anxiety that may come with the threat of layoffs. For example, the SHRM report (2017) suggests offering "an employee assistance program (EAP) that provides counseling and other support services for employees experiencing personal or work-related problems." Managers can also encourage employees to take advantage of mental health days or to seek support from their friends and family members.

Managers can also help employees prepare for the possibility of layoffs by offering career development and job search resources. This can include providing information on unemployment benefits, job search websites, and local job fairs. Managers can also offer resume and cover letter writing workshops, as well as networking and interview skills training. According to a study by the Career Development Association of Australia (2017), "Providing employees with career development and job search support can help them feel more confident and in control of their future."

Finally, it's important for managers to provide emotional support to their employees during this difficult time. This can involve simply being there to listen and offer a shoulder to lean on. Managers can also encourage employees to take care of themselves and prioritize their well-being, both physically and emotionally. According to a report by the World Health Organization (2020), "Support from family, friends, and co-workers can have a positive impact on an individual's mental health and well-being."

In conclusion, the threat of layoffs can be a challenging and stressful time for employees, and it's important for managers to provide support and resources to help them cope. By being transparent, offering resources and support, and providing emotional support, managers can help their employees navigate this difficult time and feel more confident and in control of their future.

References:

Career Development Association of Australia. (2017). The role of career development in times of uncertainty. Retrieved from https://www.careerdevelopment.org.au/resources/the-role-of-career-development-in-times-of-uncertainty/

Society for Human Resource Management. (2017). Coping with Layoffs. Retrieved from https://www.shrm.org/resourcesandtools/hr-topics/employee-relations/pages/coping-with-layoffs.aspx

World Health Organization. (2020). Mental health and psychosocial considerations during the COVID-19 outbreak. Retrieved from https://www.who.int/docs/default-source/coronaviruse/mental-health-considerations.pdf

Ahsan Tariq
Department of Management Science 
Preston University
Reg#1093-114118