Q: Sadhguru, recently most business leaders of India have had to grapple with enormous cost-cuts because of our falling economy. They have had to let go a lot of people. Many jobs were lost – some documented, a lot undocumented. What would you tell business leaders who are going through this process right now where things are not really very good?
Sadhguru: Particularly about dropping people – I know this may sound like an ashram-like solution, but I don’t see why industries and businesses should not function like this. That is, if you have 1000 people working for you and things are not going well, instead of laying off 100 people to keep the company going, you cut everyone’s salaries by 10%, and keep these 100 people. This is the time when, instead of retrenching people, you could re-orient and train your human resources to take on a different challenge, but we are too bound by all kinds of laws.
I am sure if someone communicates this properly, the workforce, out of sheer solidarity with their colleagues, would agree to a 10% salary cut rather than axing 10% of the workforce. These 10% may not be productive right now, but you can reinvent your business if you train them to a different level of capability, which is very much possible.
Whatever happens to you, you can either come out stronger and wiser, or you can come out depressed and broken.
Whatever happens to you, you can either come out stronger and wiser, or you can come out depressed and broken. I wish the Indian business sector reinvents itself. The times when business is slowing down are an opportunity to sit back, look at things and innovate. When business is in full swing, you neither have the time nor the energy to do that. This is not to console yourself when things are bad. Things will not remain bad for too long – things will change. But when things change to the positive, it should not take you another two years to catch up. If you make use of this time to reinvent yourself in different ways, you are ready to go when the train picks up speed again, and you will be the first one to latch on.