Changing Course
Company restructuring
Diane is an incredible HR Partner for businesses not ready for in-house. She’s calm, knowledgeable, and always had our back when it came to people matters — big or small. She made tricky situations feel manageable and gave us clear, no-nonsense advice we could trust. If you're looking for a friendly, professional, and genuinely great person to work with, I can't recommend Diane highly enough.Ruth,
We have returned to working with HR Dept Solent following a period with another HR provider. We prefer the 'hands on' approach rather than virtual assistance. The team are always very supportive, responsive and professional. It has been a pleasure to re-engage with them. As an SME their dedicated guidance and support is invaluable.Julie,
We've used the HR Dept South London branch for many years now and wouldn't go anywhere else. They are always there when we need them and support us with issues from quick questions right through to complex employment situations. We know we can always trust them to provide us with prompt and reliable support. It's always nice to see a friendly face on a call when work is a bit stressful.Happy client,
HR Dept are a team of professionals that are proactive in supporting our Charity HR. From recruitment, onboarding and induction to appraisals, salary reviews and exit interviews, everything is streamlined and all carried out extremely efficiently. We get instant advice and guidance from the team on all aspects of HR and our policies and procedures are always kept up to date and communicated. A real weight of our minds, knowing the charity and all staff are looked after and supported.Charity client,
Are you looking to restructure your company? We can help.
A decision to introduce a new product or launch a new technology can make you question whether you have the right people in the right places. You might clearly see the solution and decide to design a new role or team. The sensible route might also involve reducing or removing a function from your business.
Considering a company reorganisation?
Whichever direction you take, ensuring you have the right structure to support these changes is essential.
We know the steps that lead to successfully and legally restructuring a business. We can support you through the company restructuring consultation process, and ensure that the necessary communications are sent within the required timeframes.
Where there are more employees than available jobs, we can advise on selection criteria that ensures you keep the best people.
If you know change is needed but you are confused by the options, The HR Dept can also help plan the best company restructuring for your organisation going forward.
Looking for help with business restructuring? Simply call or email us and we’ll discuss next steps.
Up next learn more about TUPE.
Company Reorganisation FAQ
Ahead of your restructure, it’s a good idea to discuss the situation internally. This includes the reasons for the restructure, the strengths and weaknesses of the current structure, and a brief overview of what the new structure might look like. Doing so will arm you with the goals or criteria you need to meet in the restructure—and help determine if it is even the right move for your business.
There are several reasons why a company might restructure:
- Cost reduction: As its name suggests, a cost reduction restructure is about reducing costs. This could involve selling assets, letting employees go, or restructuring departments to reduce management needs.
- Debt restructuring: A debt restructure will look to help restructure any debt and keep a business trading.
- Legal restructuring: A legal restructure may be required if there is a change in responsibilities at the top of the hierarchy. This could be a change in ownership or investors.
- Mergers and acquisitions: Mergers and acquisitions may be required if a business is incorporated into an existing one.
Just as there are several reasons why a company might restructure, there are also several benefits to doing so. If you are giving your company a new lease of life or increasing a company’s value, the benefits of restructuring will be financial. Restructuring can also give your business a competitive advantage by positioning it for growth, incorporating new technologies, venturing into new geographical areas or welcoming new accounts. In a nutshell, the benefits of restructuring are about survival, growth and financial success.
Telling your employees about a company restructure isn’t something you should be worried about. The trick is to be well prepared and communicate early and often. A face-to-face group meeting is best, but if this isn’t possible, you can do it through email or video call. Another top tip is to make sure you provide updates as to how things are progressing. Avoid leaving employees in limbo. You should also welcome open discussions about the changes, as this will give employees a chance to ask questions or voice any concerns.
Unfortunately, some company restructures do result in redundancies. If you have to let any employees go, make sure you do this fairly and with dignity. We can help to make sure that your redundancy processes are compliant.
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