In: Accounting
One approach to announcing potential loss, is to make special efforts to ease employee fears. One the other hand, an advantage of mechanizing a system, however, is a reduction of clerical costs, which often results in job losses. Do you see inconsistency in these concepts? What policies if any, should be consistent with both concepts?
Both the concepts seems to be Interlinked but are not consistent with each other as one concept is to Reduce job loss fear to employee due to potential losses faced by the entity and the other relates to transforming the old manual system to a more technical & mechanized system which will reduce human interference hence leads to Job losses.
The entity may consider the below mentioned policies to maintain consistency in between both the situations.
a) Regular training workshops for its existing employees so that their potential and efficiency both upgrades at the same time.
b) Introducing Advance level jobs in the entity which would add to the value addition of the entity so that the employees may be trained and shifted to these new jobs and no job loss takes place.
c) Diversifying its business potentials may also add value to the entity and create new opportunity in the entity.
Thanks