When faced with excess manpower, retrenchment should always be the last resort, after other feasible options have been considered and exhausted. In the event that retrenchment is inevitable despite having considered or implemented the necessary cost-saving measures, companies should retrench employees in a responsible and sensitive manner, taking reference from the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment. Find out the considerations and requirements for carrying out a retrenchment exercise responsibly: https://bit.ly/TAMEMRRFB #tafepsg #humanresources
