10 Tips to Assure Your Company’s Smooth Restructuring
10 Tips to
Assure Your
Company’s
Smooth
Restructuring
1. Communication
You need to effectively communicate the plans for organizational
restructure, by being open and honest about it. Workers need to
understand the reason behind the restructure to avoid rumours
being spread.
santry360.com
2. Appoint team leaders
A strong leadership team consisting of senior employees, highly
talented workers and experienced managers should be appointed
to oversee the entire restructuring process, which includes
planning, analysis and communication.
istock.com
3. Plan ahead of time
To bring about change, it is necessary to plan ahead of time
carefully. Analyze and think critically about the impact it will have
in the short-term as well as in the long run. Map out timelines for
implementation.
portalcfo.com
4. Consult your employees
Talk to your employees. Ask them to share their thoughts and
ideas as to how the restructuring should go on. They may be able
to identify challenges which you may have overlooked.
santry360.com
5. Long-term goals
When you restructure your company, keep in mind the long term
goals, what you will achieve from this process and how you can
avoid it in future.
organimi.com
6. Support for managers
Managers play the important role of leading the restructuring
process. If they feel uncertain about their future in the company,
they are most likely to delay the entire process.
So keep briefing them to gain their trust and go ahead with the
restructuring.
employwise.com
7. Skill assessment
To understand the strengths and weaknesses of your workforce,
prepare an assessment of employees with skill metrics and
performance ratings. It will help to plan the restructuring process.
lucidchart.com
8. Don’t let go of key
people
Cutting costs is important, but don’t let go of key people in the
company who are important for its future.
Decide who should stay rather than who has to leave based on
assessments and interviews.
leadingleadersinc.com
9. Role suitability
analysis
While giving new roles to existing employees, do it based on not
just their skills but also relationships, team dynamics and
feedback from managers, so that the person is suitable enough
for the position.
plushr.com
10. Review
You may have to restructure the company again in future and it
would be less difficult next time.
There will be many challenges, but carefully planning and
implementing decisions will help in success and growth of your
company.
adp.com
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