your password has been reset successfully, Please login again.

Is Finding A Job Difficult For Laid-Off Employees?

Despite the preferential demands of the job-candidates, job security invariably remains an unspoken and compulsory tool to weigh a particular job’s prospects
BY Jaspreet Kaur
Feature Writer, BusinessEx
Mar 06,2019

Employment is an important source of earning for the young and educated population. In the developing country like India, new companies gradually encroach in the nation, crossing the geographical boundaries and thus, creating more occupations for the literate demographic (population). The enticing salary figures and work culture tempt young graduates to ascertain jobs in MNCs or bigger companies. Similarly, the uneducated population also has the same job requirements- better pay and positive work culture, while searching for the job.

Despite the preferential demands of the job-candidates, job security invariably remains an unspoken and compulsory tool to weigh a particular jobs prospects. Owing to various unfortunate events, a company downsizes or lay-offs employees. The process of downsizing the company adversely affects the employees, in turn, disrupting their career.

How Employment Is Indicative Of Ones Personal Growth

According to the report of the Centre for Monitoring Indian Economy (CMIE), the current labour participation rate has gone down from the previous years labour participation rate. Indias Labour participation rate is 42.7 per cent as on February 2019, as reported by the Indian information company, CMIE. Herein, the labour participation rate is the share of the working age demographic which is either employed or unemployed.

Various economic crises such as demonetization and IT majors lay-offs have been attributed to the reason of decremented employment in the successive years since 2017. Following the lay-offs, the dismissed employees suffer adversely.

Despondency Amid Laid-Off Employees

The permanent dismissal of employees begets a bad impact on the overall growth of an individual. The morale, income source and career, almost everything comes to a halt. The sudden dismissal, further, intensifying problems as the employees are not prepared for it. Secondly, the laid-off employees have not searched for any alternatives for the time being.

In 2017, a vast majority of IT companies in India laid-off IT professionals to reflect on their respective companys growth. Artificial Intelligence (AI) was an immediate replacement for dismissed employees. The downsizing occurred because of the companys inclination to automation and decrementing the operational cost.

There is a change in the trend where automation has taken the drivers seat to propel cost efficiency and the utilization of human resources for less mundane and routine work, said N Shivakumar, business head of recruitment process at Teambase, in an interview to Quartz India.

Partisanship Towards Laid-Off Employees

In the job hunt, laid-off employees face countless obstacles from screening to getting on board. Their efficiency is examined more than other candidates as the lay-off tag acts a blotch on employees. Consequently, they face impartiality too.

  1. Are Not Considered A Working Professional

Since the lay-off happens suddenly, the working professionals are not left with an option. After they leave the job, they begin searching for a job actively. Finding a suitable job in accord with ones salary and vocation is a hard task. During the time of job hunt, the gap in the rsum increases gradually and thus, employers dont deem them working professionals anymore.

  1. Considered Unfit Pros By Some

In the industry, it is a usual perception that the laid-off employees are unfit and thus, fired from the company. After, assessing the background of such employees, the interviewer draws an impact in the mind and subsequently, impeaches the potential of the candidate.

  1. Partisanship In Remuneration

Since the non-working gap appears in CV, the professionals face problems in the salary negotiation process during the interview. Getting a reasonable salary becomes difficult for the candidates and thus, companies offer lesser salaries to the professionals.

These practices happen recurrently with the employees who are laid-off by the previous companies. Despite offering them jobs, the professionals are impeached on various grounds.

Please add your Comment
SIMILAR Articles
July 19, 2019
As Shopclues has failed to attract buyers, the company has devised another plan to avert losses. It ...More
By Jaspreet Kaur
July 18, 2019
Inflation in fuel prices, high-priced parking and landing expenses and overdue debt are some of the ...More
By Jaspreet Kaur
July 16, 2019
OYO Workspaces has decided to price its seats at INR 7,999 and INR 6,999 respectively and further ta ...More
By Jaspreet Kaur
July 16, 2019
Gathering money is a daunting job for startup owners; after all, building others’ interest and trust ...More
By Jaspreet Kaur
July 15, 2019
By implementing AI, accurate results can be achieved and further, physical disadvantages such as man ...More
By Jaspreet Kaur
July 12, 2019
Recently, Flipkart has begun revamping its platform by shifting its focus on sellers and consumers. ...More
By Jaspreet Kaur
July 10, 2019
SVIC has mainly targeted Indian companies in technology and IoT niches namely, speech-tech firm, Gn ...More
By Jaspreet Kaur
July 09, 2019
The move has been counted as an initiative by Flipkart to assist its sellers, which largely comprise ...More
By Jaspreet Kaur
July 06, 2019
In Union Budget 2019, Finance Minister, Nirmala Sitharaman talked about spheres that the Modi govern ...More
By Jaspreet Kaur
July 04, 2019
As an entrepreneur starts thriving in the market, he gradually begins earning more than his usual r ...More
By Jaspreet Kaur
July 03, 2019
As India surpasses other countries in terms of Facebook’s usage, the social media giant has brought ...More
By Jaspreet Kaur
July 02, 2019
Presently, Ola electric has obtained $250 million from Japan-based conglomerate company, Softbank to ...More
By Jaspreet Kaur