Business Restructuring
What is Business Restructuring?
Business Restructuring involves the major reorganisation of the operational structure of a company, often driven by financial or competitive necessity. The restructuring can have far reaching effects, branching into the operations, processes, departments and ownership of the business. Most restructuring projects strive to deliver improvements to the profitability, efficiency and competitiveness of the business.
Business restructuring can be a tumultuous and stressful process, especially when jobs, teams and departments are casualties of the restructuring.
To ensure a smooth restructuring process, open communication with employees is vital to ensure that they know what changes are coming and how they will individually be affected. Remaining sensitive and understanding of the human emotions involved in this stressful process will ensure that the delivery and implementation of the business restructuring is as painless and seamless as is possible.
The DandHR approach to Business Restructuring is to prioritise planning, transparency and consistency every step of the way from the planning stage, through to the implementation and eventual review process. Our team of compassionate experts will assist you and your business through these difficult times to deliver the vital restructuring tasks that need completing.