Right Management; Businesses in Ireland Forecast an Uncertain 2013
2013-01-29 13:26:40 -
Businesses in Ireland are increasingly unsure about the need to make redundancies over the next six months. According to a survey of 404 businesses in Ireland by Right Management, the talent and career management expert within ManpowerGroup, around one in seven Irish employers (14%) are uncertain if they will need to make redundancies in the next six months. This figure
has risen by eleven percentage points in the last six months, and is more than double the stable global average of 6%.
“The Irish economy is slowly recovering but employers are still unsure what the future holds and how it will affect their staff,” says Mark Hodgson, practice leader of Talent Management in Right Management Ireland & UK. “In times of uncertainty, employers may take longer to make key decisions about the direction for the business and their employees. This can have a negative effect on employees’ wellbeing and motivation, which ultimately will impact on the bottom line for businesses and potentially the careers of the individuals.
Only 9% of employers in Ireland believe their companies are very effective at redeploying employees rather than making redundancies. This is significantly below the global average of 21%.
“The results suggest that businesses aren’t seeing redeployment as a feasible way of making savings whilst at the same time, retaining talented employees. This is worrying. Businesses can’t afford to underestimate the importance of a flexible workforce in this tough economic climate. Redundancies shouldn’t be the only option, employers need to consider alternatives rather than losing skilled and talented staff who they will want back when the economy picks up again.”
However, this does suggest some positive news for the Irish economy. The number of businesses expecting to make a high number of redundancies has dropped in the last six months; just 2% of employers in Ireland now think that they will need to make significantly more redundancies this year, down from 8% in 2012.
These issues were explored by ManpowerGroup, the world leader in innovative workforce solutions and World Economic Forum (WEF) strategic partner, when they led discussions at the WEF Annual Meeting (Davos) 2013. Jonas Praising, ManpowerGroup President says, "Companies everywhere must prepare for one certainty - uncertainty. This unpredictability requires the development of strategies that strikes the right balance between the need for built-in flexibility of plan and results.
This global study on redundancy trends was carried out during the second half of 2012 in more than 42 countries and territories. It was conducted as part of the Manpower Employment Outlook Survey, which is the most extensive, forward-looking employment survey in the world. The redundancy trend data will be updated every six months and will serve as a barometer of workforce trends and activities.
Note to editors:
About the survey
The Right Management survey was part of the ManpowerGroup’s quarterly Manpower Employment Outlook Survey to measure employers’ intentions to increase or decrease staff levels. The survey polled 23,063 employers in 42 countries and territories.
About Right Management
Right Management ( www.right.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
) is the talent and career management expert within ManpowerGroup, the global leader in employment services. For over 30 years, Right Management has helped clients win in the changing world of work by designing and executing workforce solutions that align talent strategy with business strategy. Our expertise spans talent assessment, leadership development, organisational effectiveness, employee engagement, wellbeing, outplacement and workforce transition. We understand how organisations can best manage their talent and resources to create a workforce strategy to meet the needs of both public and private sector organisations. With offices in over 50 countries, Right Management works with more than 80% of the Fortune 500 and over 90% of FTSE 250 companies to help them grow talent, reduce costs and accelerate performance.
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