{"id":8307,"date":"2021-01-04T07:20:57","date_gmt":"2021-01-04T12:20:57","guid":{"rendered":"https:\/\/flevy.com\/blog\/?p=8307"},"modified":"2021-01-03T20:25:05","modified_gmt":"2021-01-04T01:25:05","slug":"restructuring-101-use-these-assessment-processes-and-methods-for-redeployment","status":"publish","type":"post","link":"https:\/\/flevy.com\/blog\/restructuring-101-use-these-assessment-processes-and-methods-for-redeployment\/","title":{"rendered":"Restructuring 101: Use These Assessment Processes and Methods for Redeployment"},"content":{"rendered":"

\"\"Organizations that have survived over time have had to reinvent themselves over and over with the changes in the environment.\u00a0 These Business Transformations<\/a> almost always include Cost Reduction that tend to lean towards Headcount Reduction.\u00a0 Headcount Reduction is typically achieved using 2 approaches:<\/p>\n

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  1. Downsizing<\/li>\n
  2. Restructuring<\/li>\n<\/ol>\n

    Downsizing keeps the fundamentals of the roles same with only fewer people performing those roles.\u00a0 Whereas, Restructuring<\/a> creates new roles, as well as modify existing roles, requiring a new mix of skills or altogether new resources to perform them.<\/p>\n

    Restructuring presents a more challenging task in that a new mix of skills has to be identified for each role, an Assessment Process has to be set up to assess existing employees against new competencies, and Redeployment after Restructuring<\/a> (or new recruitment) done.<\/p>\n

    The important question in both scenarios is:\u00a0 Who should we eliminate and who should stay?<\/p>\n

    The question can be answered by devising and using key criteria to evaluate and then choose the most relevant assessment method.<\/p>\n

    Assessment of employees is key in both Downsizing as well as Restructuring.\u00a0 The Assessment Process has to be vigorous enough to identify the right employees to keep and lay off.\u00a0 A broader assessment process ensures coverage of more aspects of a new role which in turn makes the assessment process fairer.\u00a0 Measures, in this regard, may include:<\/p>\n