Pink-slips are no longer a rarity in India. Increased competition, narrowing business cycles, rapidly evolving market dynamics, increasing current and opportunity costs, indifferent decisions, availability of a large talent pool are some of the many factors contributing to premature conclusion of employee contracts. Down-sizing, restructuring, lay-offs, exit bonuses, have emerged as common place terms in today’s business environment. However, among a large section of employees and employers, premature conclusion of an employment contract raises a gamut of concerns. Employees are often unable to appreciate the perspective of the employer organization and tend to respond emotionally to the situation in place of a rational evaluation supported by an appreciation of reasons for the employer action and appreciation of compensation support provided by employers. Similarly, among employers concerned managers are often uncomfortable in conveying such decisions and the exit process is often not managed well.

Sector Access provides specialist services to help you manage such transitions. These include engaging with the affected employees to help them get a more informed and balanced perspective on the event, helping them explore career choices in assisting them to link-up with potential position openings, counseling to enable effective utilization of hiatus between assignments and help them view the experience in a positive manner and to move forward on newer goals.