Restructuring
Many businesses and organisations find themselves having to restructure due to changes in the market, pressures on profitability and maintaining market share. The key to successful restructuring is in the planning stages and through consultation with all staff. Added to this there are many legalities that must be taken into account, observed and adhered to.
Key Points- Implications of existing legislation
- Dealing with possible collective redundancies
- Consultation processes
- Business objectives to be achieved
- Improved employee input into decision making - employees will be better equipped to feed in suggestions and ideas grounded in their day-to-day experience, with employee representatives in particular more likely to develop the knowledge and expertise to make a meaningful contribution
- Better understanding of the need for change and increased acceptability of decisions - employees will be more aware of the state of the business, the challenges it faces and the necessity, from time to time, for uncomfortable decisions
- Better intelligence about the likely reaction of employees at an early stage in decision making
- An increase in trust and co-operation and so improved business performance
The team at Connect HR & Recruitment Ltd all have vast experience and knowledge of corporate restructuring can advise, monitor and project manage such situations successfully for you.
