Guidelines To Help Employers Minimize The Pain Of Downsizing For Their Employees

Company restructuring is a something that makes even the most competent and skilled professionals feel nervous. Contrary to the popular belief, the idea is as unnerving for the employers and management as it is for the members of the workforce. Unfortunately, company restructuring in Vancouver or any other place is an integral part of the business operation. Different organizations might have to undergo restructuring for different reasons and at different time.

But the fact remains that there is hardly an organization that has not undergone such change at some point of time or other. Since the process often leads to downsizing of the workforce, it is the responsibility of the employers to make the process minimally painful for their employees. The below discussed guidelines can help business owners and management in ensuring the same and handling the task efficiently. Top Career Transition firm in Canada.

Keep The Staff Well Informed : One way to minimize the shock and sense of unfairness amongst employees is to keep them well informed about the process. Not only should the employees be made aware of the reasons for company restructuring but they should also be given regular updates about the process. Wherever possible, the employees should give ample advance notice to the employees most likely to lose their jobs, so that they can seek other options well in time. The companies should avoid leaving the task of announcing the names of employees to be axed to the very last moment. This breeds distrust and a sense of deprivation amongst the exiting employees as well as those who have been retained.

Provide Professional Help And Advice : The organizations undergoing restructuring should try to provide professional help and advice to the employees about to lose their jobs. They can conduct sessions of career coaching in Vancouver to help such employees find new opportunities and options. They can even offer time bound HR services to help the employees find new jobs according to the skills and experience levels. The organizations can also provide letters of appreciation and reference to the employees to help them land a good opportunity elsewhere.Top Career Transition Coaches In Canada.

Offer A Suitable Compensation : Even though paying compensation cannot erase the pain of losing a job, it can surely provide some financial support to the affected employees. The amount of compensation should be based on the level of employment as well as their period of association with the organization. Offering the same compensation to all employees, irrespective of their position and experience with the organization can make them feel disappointed and even cheated. In addition to providing monetary compensation, providing material support to such employees is also a good idea and can be perceived as a sign of magnanimity.

Assurance Of An Open Door For Future Opportunities : The companies undergoing restructuring should assure the exiting employees that they would be given greater preference in case of any employment opportunities in future. This makes the employees feel wanted and makes them to accept the circumstances of their dismissal in a positive manner. This simple assurance from the employers can go a long way in boosting the morale of the exiting employees, especially if their association with the organization has been a long one.