One of the issues that has emerged as a common and important factor in the study of layoffs is perceived fairness in an organization's practices.During a period of downsizing, employees are sensitive to the way that the organization approaches the matter and how those who will be let go are treated. Some areas of focus are on amount of notice given to employees, amount of information communicated, and amount of severance and extended benefits. Studies have shown that when survivors feel that their colleagues have been treated fairly, their levels of loyalty and productivity remain higher than when an organization mistreats or short-changes the layoff victims. Thus, it may be a good idea for organizations to start investing in longer benefit extensions and more competitive severance plans. Sure, the main reason that companies need to downsize are due to economic reasons, but these investments can lead to long term increases in productivity and employee dedication.
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