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Avoiding Redundancy in Difficult Times
March 23, 2009
We have been inundated with enquiries recently, from employers looking for us to help them manage their redundancy programmes. Of course, this is something our HR professionals can advise and support on, as we have a wealth of experience in:
However, whilst this is one option, we have also been helping our clients explore alternatives to redundancies.
Why bother? Opting for redundancies, whilst understandable for organisations looking to cut costs, can also mean:
For Directors and business owners this can be a particularly complex and worrying time, especially if you do not have access to in-house HR professional advice. You will have concerns around handling redundancies well, doing the right thing for your business and complying with the law, but you may want to explore alternatives also.
We have therefore been advising on a range of options, to help Directors make the best, commercial decisions for their businesses, in both the short and long term, which will ultimately mean they are better-placed to take advantage of increases in business, or benefit from the economic recovery when it comes. These options have included:
With a little thought and expertise, you CAN retain the skills and good people that you need for long-term growth, whilst reducing your short term overheads and cutting costs.
Posted by Allison Peasgood
- Downsizing;
- Restructuring;
- Redundancy Programmes.
However, whilst this is one option, we have also been helping our clients explore alternatives to redundancies.
Why bother? Opting for redundancies, whilst understandable for organisations looking to cut costs, can also mean:
- Additional short term costs, in the form of redundancy pay-outs;
- Permanent loss of skills and experience;
- Lack of flexibility to respond to new orders or increases in workload.
For Directors and business owners this can be a particularly complex and worrying time, especially if you do not have access to in-house HR professional advice. You will have concerns around handling redundancies well, doing the right thing for your business and complying with the law, but you may want to explore alternatives also.
We have therefore been advising on a range of options, to help Directors make the best, commercial decisions for their businesses, in both the short and long term, which will ultimately mean they are better-placed to take advantage of increases in business, or benefit from the economic recovery when it comes. These options have included:
- Short term working;
- Temporary Lay-offs;
- Pay cuts;
- Flexible working;
- Early retirement;
- Part time, job sharing, term-time working.
- Sabbaticals.
With a little thought and expertise, you CAN retain the skills and good people that you need for long-term growth, whilst reducing your short term overheads and cutting costs.
Posted by Allison Peasgood
