A redundancy risk notice and a workforce-wide pulse sentiment survey arrived on the same day. The pulse survey was a short questionnaire, typically containing one to 20 questions, sent weekly, monthly, or quarterly to measure sentiment toward the business. Voluntary redundancy was reportedly offered first, including four months’ salary, with limited uptake expected among employees on TUPE terms. Kyndryl said it was addressing labor costs in some countries, including the UK, after financial results showed revenue growth but a net profit decline and forecast severance charges. Kyndryl stated it invites employees globally to share input about culture and workplace twice per year as part of a commitment to listen and take action based on employee feedback.
"On the same day last week that Kyndryl told staff they were at risk of redundancy, a pulse survey landed on the desks of the entire workforce. The short questionnaire is used by organizations to measure sentiment toward the business, typically comprising one to 20 questions and sent weekly, monthly, or quarterly. It's a process that is commonplace across the world of work."
"A source told us voluntary redundancy was offered in the first instance, including four months' salary. "With the hundreds that are on TUPE terms, I can't see a huge uptake but it may persuade some of the newer ones," claimed an insider. "As a (slightly) amusing aside and to show how joined up we are, the pulse survey went out on Wednesday afternoon just after most of the company had been told they were at risk.""
"Kyndryl told us last week it is trying to "address labor costs" in some countries, including the UK. This followed financial results for the year ended March 31 when revenue grew $63 million to $15.057 billion and net profit shrank 21 percent to $198 million. Charges for severance are forecast at $200 million."
""Since becoming an independent company, we've invited Kyndryls globally to share input in a survey about our culture and workplace twice per year. This is part of our commitment to listen and take action based on employee feedback.""
#employee-sentiment-surveys #redundancy-and-severance #labor-cost-reduction #workplace-culture-feedback #kyndryl
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