RIGHT SIZING TREND
During the 1980s and 1990s, as a reaction to the economic slowdown, many companies downsized their businesses through redundancies and reduced labor hire. This strategy again became more common during the recessions that followed due to the global financial crisis.
Financial pressure and global markets continue to place downward pressure on business growth and profits. This ensures that any company looking for an edge in a competitive environment will be conscious of the need to balance and plan for short term gains with the overall long term financial objectives in mind.
THEREFORE IT'S CRITICALLY IMPORTANT THAT ANY BUSINESS INITIATING A RIGHTSIZING PROGRAM IMPLEMENT AN ENGAGING PROCESS SO AS NOT TO DAMAGE THEIR BRAND.
Rightsizing can have a severe impact on all employees. Some are left jobless whilst those left in the business face big challenges to ensure a smooth transition.
Leadership and communication are the key to implementing a ‘Business as Usual’ approach. Without proper communication, employees can still feel vulnerable with symptoms of low morale and job insecurity.
A common approach to ensure that key ingredients for a successful rightsizing project are implemented is to outsource the ‘Expertise’ in the area of Organisational Restructure and Career Transitioning.
HOW CAN WE HELP?
We support individuals and companies with strategies for managing a difficult process that seeks to maximize the best outcome available. It’s a challenging time for any business, so identifying each step in the process and creating a pathway for all employees to transition from is extremely important.
Our assistance includes support and advice across all levels of the business in preparation for the announcement. We help with difficult conversations and assist on site offering support and advice to those employees left in the business and those leaving. Our expertise will help guide individuals on how to communicate their news and provide a clear understanding of their options through the Career Transition Program.
It’s our expertise and practical assistance at all levels of management, with tools and advice to help employees with their ongoing job search that will help your business achieve a successful outcome.
PROTECT YOUR BRAND
An important element of the whole redundancy process is ‘How the process is initiated and implemented’!
Your brand is critically important to the future success of the business. All stakeholders and future employees will have a view on how the company is perceived in the market place. Ensuring a fair process will minimize the impact on productivity and allows for ‘Organisational Restructure’ process to have a positive impact on financial plans and future business objectives.
OUR CAREER TRANSITION SERVICES
Our aim is to help employees that are transitioning, develop skills that will assist them in their search for a new role. This includes;
Interview Skills - Resume Writing - Career Options - Market Compatibility - CTS Workshops - Marketing Tools - Networking etc..
Our transition service solution is an effective way for individuals to react quickly to their new environment providing a pathway that equips them with the skills and confidence needed to pursue their new career.
At Standard Candle HR we understand that ‘Restructuring/Rightsizing’ is a delicate and complex process. It will underpin your immediate financial objectives. Our understanding of the whole process will assist you in your endeavors to achieve ongoing business success.
For any support or advice call us on 1300 620 100.