People-Centric Restructuring
Discover how to effectively merge restructuring with a people-first approach to attract and retain top talent in times of change.
The “Great Restructuring” is taking place
Organizations today are faced with permacrisis: A decline of global trade, sanctions, rising energy cost, inflation and a war in Europe are just the tip of the iceberg. Hence, companies need to rethink and act in 2023: Many have already initiated cost reduction programs and lay-offs, some are confronted with rising liquidity issues. Commentators even call it the ‘Great Restructuring’ of 2023 which may be bigger and more widespread than anything that has ever been seen before.
At the same time, many business leaders have understood that in this time of great resignation and war for talent, people-centricity is key to attract and retain top talent. Both people-centricity and restructuring are important to be future-proof as companies, but they don’t go together very well. At least at first sight.
Restructuring programs fail when they neglect people-centricity
So, how can companies get restructuring right? Our experience from >25 years of management consulting as well as scientific evidence is clear about why restructuring programs fail: Organizations are not going to be successful with their restructuring programs, when they neglect people-centricity
- Focusing on short-term savings only
- Leaving managers and HR unprepared
- Losing key personnel
- Not supporting laid-off employees enough
- Forgetting those who stay
We are an experienced partner when it comes to people-centric restructuring programs
Studies even show that when companies actively lay-off 1% of their workforce, voluntary turnover amongst the remaining workforce increases by >30% over the next two years.
By applying the H&Z approach of “Head, Heart & Hand” to restructuring, we have supported a multitude of clients in getting restructuring right. We are happy to discuss with you how we can help you make your restructuring program successful.
