There are five critical moves that your executive team, human resources leadership and organizational development staff must take in order to come out swimming on the other side of a restructuring: 1.
Move on talent decisions. Move quickly in making decisions and reseating your best talent.
• Changing needs: You’ve got to rebuild your pipeline for the longer-term.
Your needs will be different, in terms of both numbers and the type of talent you need to carry your organization into the future.
If you look back over the past five to seven years, how many times has your company gone through some type of reorganization or restructuring, whether large or small?
Business Restructuring Plan Frostburg Admissions Essay
Restructuring usually comes with a displacement of employees through layoffs and early retirements.You Face Three Tough Challenges When a reorganization or restructuring occurs, these statistics can be exacerbated by immediate pressure from three inevitable challenges: • Higher voluntary employee turnover: There’s often high uncertainty among employees about the future of the company.There are five critical moves that your executive team, human resources leadership and organizational development staff must take in order to come out swimming on the other side of a restructuring: 1. Move quickly in making decisions and reseating your best talent.Often, many of your most experienced employees are let go, some of which were current and aspiring leaders.This leaves your company with gaps in some of the most critical roles in the organization.They’re not only dealing with the operational dynamics but also an unsettled workforce who they need to inspire and retain.Establish quick market intelligence (QMI) meetings for early input and rapid feedback.So, you've got some organizational "soul-searching" to do.Five Critical Moves How do you address this dilemma?In the short term, you’ve got to keep your most promising talent that remained from jumping ship.• Inexperience: Your organization suffers from a lack of talent with solid experience to move into leadership roles, ready to hit the ground running. Your remaining knowledge of the industry, business cycles, operations, customers and financial drivers is limited.