GENERAL KNOWLEDGE

Detailed explanation-1: -The effects of redundancy Losing a job can cause a range of feelings but the most common are feelings of shock, worthlessness, loss of purpose or confidence. In some cases it can lead to the development of symptoms of depression and anxiety.

Detailed explanation-2: -Redundancy is when you dismiss an employee because you no longer need anyone to do their job. This might be because your business is: changing what it does. doing things in a different way, for example using new machinery.

Detailed explanation-3: -In the workplace, redundancy refers to the process when employers have to let go of one or more employees dueto circumstances unrelated to job performance or behavior.

Detailed explanation-4: -Research has shown that after people in a company have witnessed redundancy happening around them, the overall performance and efficiency of the company plummets, ultimately leading to a drop in the organisation’s productivity. In many cases, redundancy can severely undermine a business’s human capital.