Posted on 2nd July 2020 at 12:43
With many employees furloughed, and as the furlough scheme changes are you using this opportunity to right-size your company and consider redundancies?
Rightsizing is a proactive activity and should be a constant part of managing an organisation. By adjusting an organisation like this can make it the most efficient, effective, competitive and profitable that it can be.
20% of companies are planning redundancies this summer despite the furlough scheme and over half of employees are worried about losing their job.
Three key questions to ask before you start assessing your workforce 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?
Next, look at where you are now and what talent do you have within, what areas you may need to upskill or what new skills should you be looking to bring into the organisation.
Look first to your business-critical positions which will help with the long-term success of the business. All the furloughed employees –can you manage without any of them? Identify your high potential employees – these are the ones who embrace and embody the culture of the organisation, can flex and adapt and perform at a high level in their current positions.