While the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has now concluded, the revelations of decisions made and actions taken to pursue short term profit at the expense of honesty, remain front of mind.
We are reaching a critical turning point in the workforce. Baby Boomers – the 5.5 million Australians born between 1946 and 1965 – are at or approaching retirement age. And the question on many employers’ lips is "How do I successfully transition my ageing workforce into retirement?"
Retirement can be one of the most anticipated and life-changing life events in a person’s life. But while many people look forward to retirement at different times in their life, when the time comes it can impact them in ways they never considered.
Let’s face it; no one enjoys sitting an employee down and telling them they no longer have a place in the company because their position has been made redundant. Unplanned redundancy conversations can be hard and challenging, and you can encounter some pretty big emotions.
During the restructuring process, there are five R's of change you need to manage effectively to maintain productivity, performance, and profitability in your organisation - resistance, redundancy, redeployment, re-engagement and retention. Here's how to set your organisation up for success through change.
As the planning stages of a new year commence, many management teams will be faced with the decision to restructure their organisation to better manage downturn or accelerate growth.
With the current business environment driven by disruption, innovation, and efficiency, restructures and redundancies are inevitable. Although redundancies can be a common, and necessary option to ensure business survival and growth it can often expose your organisation to risk and reputational damage.
Staring into the eyes of a hardworking, loyal employee and breaking the news of their redundancy would have to be one of the most difficult parts of a HR professional’s job.
It’s hard not to take redundancy personally even when you do see it coming. But the truth is in many cases redundancy can be a great opportunity to rediscover your skills, passions, and potential and explore job options that were […]
It’s a pressing question many organisations who are about to embark on change and restructure ask and the answer is yes – provided you have the right approach to redundancy. At the end of the day transitioning employees want three […]