How to retrench responsibly?

Our company needs to retrench some of our employees for various reasons. I want to be a responsible employer and take responsibility for the retrenchment. What should I do to responsibly retrench some of my employees? When should I notify them of the retrenchment and what other processes are necessary for me to undergo to compensate for the retrenchment?

Confused About Financial Products?

You can chat directly and receive the best offers from the experts.

  • user image

    No Name

    As an employer you must retrench your employees responsibly and fairly. There are certain things you have to consider before deciding to retrench an employee. Take a long term view of your manpower needs, including the need to maintain a strong Singaporean core. Inform the Ministry of Manpower before doing oo. Do not discriminate your employees based on their ability to benefit your company in the future. Treat your affected employee with dignity and respect. You should help your affected employees look for alternative jobs and you should pay them all their salary on the last day of employment. Don't forget to give your employees their retrenchment benefits.

    2020.03.24 15:44

    Please leave your knowledge and opinion!

    Related Forums

    As an employer, what can I do if my employees are evperiencing employment grievances?

    I want to work abroad, what are the opportunities that are waiting for me?

    Who manages employment disputes in Singapore?

    How to apply for a job in Singapore?

    They changed the contract

    How long am I only supposed to work if I am covered by the employment act?

    Confused About Financial Products?

    You can chat directly and receive the best offers from the experts.