Restructuring Assistance

Today’s HR Challenge:

The on-going global recession is placing severe pressure on organizations to produce more with less. Finance departments are seeking to reduce workforce expenses, which often leads to mass lay-offs. What’s worse, poorly planned mass cuts that help the short term bottom line may significantly impair future productivity.

As a result, strong HR leaders are advocating for a more strategic workforce planning process to safeguard top performers and the set of competencies that are critical to their organization, as well as mitigate the risk of diminished workforce productivity and employee morale. When faced with a major restructuring project, their concerns include:

• How can we collect and aggregate the employee data we need for informed workforce planning?
• How do we decide where to make reductions; and can we avoid losing top talent in the process?
• Will we get it right the first time or will we just be doing this again in a few months?
• Is it possible to build a data driven business case to avoid, delay, or mitigate workforce reductions?
• What can we do to aid the transition of impacted workers?

Workstream Provides Restructuring Assistance:

Poorly executed restructuring processes are costly and inefficient and ultimately leave the organization unable to meet its key operational objectives. Successful restructures strike the proper balance between reducing manpower cost and maintaining a workforce with the requisite skills for productivity in a lean organization. Workstream has created a new Restructuring Assistance solution:

• Restructuring Assistant – A tool that is specifically designed to aid organizations and human resources to collect the data necessary to conduct better, more data driven restructuring and workforce planning projects.
• Outplacement Services - To help ease the transition of impacted workers, Workstream, through its subsidiary 6FiguresJobs Corporate Outplacement, provides expert outplacement services that go well beyond the typical outplacement services.

Workstream offers services to compliment organizational restructuring efforts, such as employee reward and recognition tools and Workstream’s integrated talent management solution to drive long term organizational effectiveness.