- Copilot AnswerThis summary was generated by AI from multiple online sources. Find the source links used for this summary under "Based on sources".
Learn more about Bing search results hereThis summary was generated by AI from multiple online sources. Find the source links used for this summary under "Based on sources".
Learn more about Bing search results hereOrganizing and summarizing search results for you- Economic reasons, such as a downturn in the economy, a drop in demand, or closure of business.
- Technological reasons, such as new technology that replaces workers at less cost.
- Structural reasons, such as reorganization of the business or relocation of the workplace.
5 Sources
LWO Employers Organisationhttps://lwo.co.za › retrenchment-what-when-howRetrenchment - what? when? how? - LWO Employers OrganisationThere are three basic reasons that can lead to retrenchment:GoLegalhttps://www.golegal.co.za › retrenchment-procedure-rightsRetrenchment – Understanding the retrenchment procedure - GoLegalThis simply means that the employer must have a real economic or business reason for retrenching employees, such as: 1 a downturn in the economy 2 a drop in demand for a business’s…Skills Portalhttps://www.skillsportal.co.za › content › what-fair-reason-retrenchtmentWhat is a fair reason for a retrenchtment? - Skills PortalThere is an acceptable reason for the need for retrenchments. Section 213 of the Labour Relations Act (LRA) indicates that the reasons for retrenchment may be based on the economic…LegalWisehttps://www.legalwise.co.za › help-yourself › quicklaw-guides › retrenchmentRetrenchment Process and Procedure | QuickLaw Guide | LegalWiseAn employer may retrench employees for “operational requirements”. An example of economic needs would include a drop in sales or services of the employer, or closure of business. A…Business Jargonshttps://businessjargons.com › retrenchment.htmlWhat is Retrenchment? Definition and Conditions - Business JargonsDisciplinary action Voluntary retirement of a worker Retirement on attaining the superannuation age Termination due to non-renewal of employment contract, on its expiry Termination…
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What Is Retrenchment Of Employees Strategy? - Nitso …
Many companies turn to retrenchment when they need to downsize their staff. This process typically involves terminating workers as a strategic move aimed at addressing financial constraints or restructuring operations due to changing business conditions. While retrenchment can help streamline an … See more
For organizations looking to reduce costs or reinvent themselves in response to changing market conditions sometimes employee retrenchment appears like a plausible option – which involves deliberately firing … See more
There are several reasons why organizations may resort to retrenchment of employees. Some common reasons include: 1. Economic Downturns and Financial Constraints:During periods of economic recession or financial … See more
Retrenchment can have various impacts on employees, both on a personal and professional level. Some common effects include: See more
Retrenchment strategies are the approaches or measures adopted by organizations to navigate the process of downsizing their workforce. These strategies aim to streamline operations, reduce costs, and improve efficiency during times of financial constraints, restructuring, or other business challenges. In India, retrenchment … See more
If you absolutely must retrench, here’s how - HR Future
It’s vital for businesses to be able to prove that their reasons for retrenchment are valid and legitimate. The Labour Relations Act dictates that retrenchments need to be shown as fair, …
What is Retrenchment ? Meaning and strategy | Peoplehum
Retrenchment refers to the removal of employees, typically due to economic reasons like company restructuring, mergers, or cost-cutting measures. It isn't usually a reflection of the …
What is a fair reason to retrench? - SABPP - The People Factor …
Jan 24, 2024 · Section 213 of the LRA indicates that the reasons for retrenchment may be based on the economic, technological, structural or similar needs of the employer. It is necessary to …
A Guide To Retrenchment In Labour Law
Nov 11, 2024 · Retrenchment may be due to a reduction in the size of the business, mergers, technological advancements, or economic recession. It means that an organization or a factory terminates its surplus employees from …
Retrenchment as the last resort: How to do it responsibly
Oct 27, 2021 · Acknowledge the retrenchment. Accurately reflect the reasons for retrenchment. If the job has become redundant, it is a retrenchment, and this should be reflected in the notification letter.
Key factors to consider in the retrenchment of employees
Jan 23, 2023 · Employers should avoid presenting retrenchments as a final decision without allowing employees and unions to make proposals, should protect confidential financial information if disclosed, use objective selection …
Retrenchment: Legal Process and Key Considerations
Retrenchment is a common measure taken when companies face financial difficulties, or when they need to streamline operations to stay competitive. It often involves the dismissal of …
Fair Reasons for Retrenchment - Legal Fundi
An employer is allowed to retrench employees for ‘operational requirements’ based on the employer’s ‘economic, technological, structural or similar needs’. Examples: Economic …
What is Retrenchment? Definition and Conditions
Definition: Retrenchment is a situation involving permanent termination or discharge of an employee’s services by an employer for any reason whatsoever. It is forced on both parties, i.e. employer and employee. One can commonly …
What is Retrenchment? Meaning and Definition - HR Glossary
Retrenchment is a process of reducing employees by terminating them from the workforce. Organizations often have to take this decision due to following reasons like business …
What is Retrenchment? | Definition & Meaning - factohr.com
Retrenchment is the process of organizations laying off employees to save money, improve efficiency, or due to unfavorable market conditions. It's a permanent termination of …
Retrenchment meaning + why and how it happens - Pazcare
Retrenchment is one of the ways companies use to terminate employees. Retrenchment happens when the company wants to cost cut because of its financial situation and as a result, …
The Great Retrenchment - What should employees and HR do …
Jan 25, 2023 · Retrenchment, also known as downsizing or layoff, is a difficult process for both the employees who are being let go and the HR team that has to manage the process. It can be a …
Retrenchment: What you need to know - SimplyBiz
Retrenchment is a ‘no fault’ dismissal of the employee, based on operational requirements. For a retrenchment to be fair, it must be for a real reason e.g. a significant drop in sales; structural …
Retrenchment Explained - Freelawyer
By understanding the reasons for retrenchment, the procedures involved, and the potential impact on employees, both employers and employees can navigate this process more effectively.
Employee Retrenchment & Lay-Off Rights - LABOUR LAW …
Jul 24, 2020 · Some of the common reasons for lay-off can be as follows, which basically put the production of goods in the factory to a halt: The lay-off must be justified. Additionally, it must …
Retrenchment: Process And Reason - LWO
Mar 25, 2024 · Operational requirements: Employers must show that there are genuine operational reasons necessitating retrenchment. These may include economic factors such as …
What is Retrenchment | MyJobMag
Retrenchment, also known as downsizing or layoffs, is a workforce reduction strategy undertaken by an organization to cut costs, improve operational efficiency, or adapt to changing business …
15 Employee Retention Strategies to Slash Turnover - Paycor
Mar 10, 2025 · LinkedIn’s report shows three of the top five reasons employees leave jobs are their desire to grow their career, pursue challenging work, and learn and develop new skills. …
causes of retrenchment - Freelawyer
Here are 3 common causes: 1. Economic Downturn. Decreased Sales or Revenue: When a company experiences a significant decline in sales or revenue, it may need to reduce costs to …
6 Reasons Behind Employee Attrition (and how to fix them!)
1 day ago · Companies with high employee engagement have 21% higher profitability and 17% higher productivity. Approximately 2.5% of turnover is attributed to employees quitting, while …
Top Five Reasons for Employee Turnover and How to Reduce …
Mar 4, 2025 · By addressing the top five reasons for turnover mentioned above, companies can foster a more positive work culture that will help encourage employee loyalty and engagement. …
Retention: Guidance for people professionals - cipd.org
Mar 18, 2025 · Turnover is the proportion of employees leaving an organisation within a set period. High turnover rates can be costly in terms of recruitment, training and loss of …
Retrenchment Rights in Singapore | Randstad Singapore
Mar 6, 2025 · Retrenchment benefits are not legally mandated in Singapore; there is no specific law that forces a company to give retrenchment benefits. However, according to MOM's …
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