Companies on talent hunt among pink-slip brigade Economic Times Bureau – 20th May 2009
The cynic in me obviously questions the motives. Great talent available at bargain prices and all that but then this article shows that there is hope for people who have lost their jobs.
People who were wondering what did they do wrong apart from being in the wrong place at the wrong time. They had talent, they had expertise but probably did not fit into the organization culture, did not have godfather in the organization, probably rubbed a few people the wrong and had to be part of the dreaded list. It made them feel worthless. Made them question their existence. Ask anyone who has been without a job for 6 months and he or she will tell about the trauma they are going through. Every opening they apply to and not get any response. Fear of not mentioning on their profile that they were laid off because no company will hire them.
All this could be thing of the past if this article really holds true and more organizations start hiring people who have been laid off. Of course organizations would benefit because there were lot of talented people who also lost jobs and would be ready to work for far lesser than what they were getting.
But there is a very important issue that needs to be addressed here.
Will the organization beat the poor guy down on the salary because he is not in a position to negotiate? Or believe that while earlier salary might have been way too inflated in the economic boom and negotiate something which does not demean the person’s worth.
The first move is fraught with danger for the organization because the person knows why he got hired and will leave at the first opportunity he gets. Why would he be around in the organization when he believes he was taken advantage of… just because he was on back foot.
But the organization which projects that it values the person’s expertise and is there to lend him a helping hand… it has got a person who is going to give lifelong loyalty.
Our culture has instilled a belief in us not to betray trust.
More importantly in the long run… when the economy does turnaround, its these organizations which would benefit with even more great talent. Because who wants to work for people who are only fair weather employers!
A while back I had written about how Pfizer is planning to provide free prescription medicines to people who have lost jobs in US and wondered if Corporate India can ever do anything like that. This article proves it that yes… India Inc also is capable of being humane… all business and economic considerations aside.
This truly would be a National CSR initiative if more organizations start implementing this move.