Companies that are well established have a different set of issues. They have already weathered the growing pains that go with the first few years, have become profitable and are continually seeking new opportunities to expand. As they expand, they also look for areas to cut costs or reduce redundencies. The may find the need to revisit how to best utilize their workforce while still being a good corporate citizen for their employees.
Layoffs and Downsizing
Mergers and Acquisitions
Layoffs and Downsizing
No company wants to layoff their employees, but sometimes it becomes necessary to save at least some or the majority of jobs. If a business is looking at ways to keep their company viable, this may be one of the only options. Before your company makes this serious decision, it is helpful to call in an expert who can offer suggestions.
Our team has experience analyzing staffing models, looking at productivity and redundancy processes and salary budgets. We make every effort to come up with creative solutions that will cut costs while minimizing the number of cut-backs necessary to keep the company profitable.
We have helped companies through the peaks and valleys of their business creating solutions that include more than just the standard “layoff” approach. We have developed workshare programs, furlough options, hours reduction, pay modifications, and more. This is part of what makes our reputation of “thinking out of the box” so strong. Hiring and firing should never be taken lightly; we can help you navigate this difficult process. We also have programs that will make it as painless as possible to help the people you have to let go.
Mergers and Acquisitions
When your company is growing or has established maturity, you often look at options besides organic growth. Savvy CEOs and CFOs have learned that sometimes an acquisition or merger can be the best way to increase profits in a short period of time. The problem is, while the boardroom focuses on the due diligence and finances, the employees are left to deal with the uncertainty that comes with these company changes.
We can help this change go smoothly and minimize turnover, lack of productivity, and all the other problems that come with these changes. You cannot afford to lose key people, or mar your excellent customer service with a disgruntled workforce.
Our senior consultant has navigated dozens of mergers or acquisitions, you need the expertise to do this correctly. Orchestrated incorrectly it can be very costly.
Decline
When a company has reached a certain point, it may eventually phase out, especially if the industry in which they supported is phasing out. See our section on layoffs (above) if this applies to your company.
Company Closures
The “final” part of a company growth’s cycle is called “decline”. Unfortunately, this is often a fact of business. There are hundreds of questions that arise when a company has to close. What happens to the employees, how long should you keep the files, what do you do in the mean time, before you have to close the doors? We know how to handle this very difficult and complicated process.
