Rightsizing vs. Downsizing your Organisation
Posted on 27th April 2020 at 12:52
Rightsizing is a proactive process and should be a constant part of managing an organisation. With many employees furloughed are you making the best use of this opportunity to right-size your company?
To right-size it is important to look at several factors – look at the market needs and trends, technologies, alternative approaches and new ideas. The current crisis that we all find ourselves in has meant that many of us have had to look at these areas anyway. Right-sizing needs to focus on the future and for leaders to look at where their organisation is to be headed post lockdown. Newly clarified or redefined strategic direction often gives leaders new insights about what skills are needed within the organisation to be able to head in this direction.
Most of us aren’t entirely clear where things are headed after this pandemic, but each day certain aspects may become clearer. By making decisions on where things are most probably likely to be headed helps managers make more effective right sizing decisions around hiring new people and the direction for training and retraining current employees equipping them with new skills to prepare them for the future.
Click below for 3 questions to ask yourself before starting right-sizing.
Right sizing is a dynamic process. What is right for today will probably not be right for tomorrow. It should be a creative exciting process as adjusting an organisation to be the most efficient, effective, competitive and profitable that it can be. Leaders who understand rightsizing drive strategic change in a positive direction. It is an opportunity to significantly and substantially improve business performance.
Three questions to ask yourself before starting right sizing are:
1. In what way post-pandemic will your customer needs have changed?
2. What will success for your business look like going forward?
3. What positives changes from remote/social distancing working can you introduce to the workplace following lockdown?
Look out for the second and final part in this blog which looks at how to review your current talent pool and start the process of right sizing your organisation. For more information please contact Emerald Starfish on 0116 2080246.
Share this post: