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
There are many occasions when a business needs to take a hard look at their structure to ensure it is still fit for purpose. This may be that the Owner or the Board are preparing the business for sale, are merging with another company, or have taken the decision to introduce a new product or launch a new technology.
Taking a step back and working with an experienced HR professional can help you look objectively at your current structure and the people you have in place, and how this could be improved. It is important that any plans for your business remain totally confidential, and you can trust us to ensure they remain that way.
At The HR Dept, 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.
If the restructure requires reducing the number or people, or that the business needs a new skill set we can help work through the selection and consultation process leaving you with the right people in the right jobs. 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 to evolve your business restructuring? Or perhaps you have some questions about reorganising your company? Simply call or email us, and we’ll be happy to discuss the next steps.
What is company reorganisation all about?
Company restructuring is about significantly changing how your business operates in order to maximise profit and ensure it is running as efficiently as possible. Where mergers are concerned there needs to be a plan to build a new team who can work together cohesively
When reorganising your business, there isn’t one rule to fit all. The changes you make will all depend on how your business is running and what changes you are willing to make to improve its efficiency. The most common things businesses look at when deciding whether to restructure are debt, company structure and a change in ownership or operations.
Considering a company reorganisation?
The benefits of company restructuring
While it might seem like a scary thing to do, reorganising your business is highly beneficial and can help propel your business forward. Choosing to restructure is a decision that will positively impact your business in the short, medium and long term.
Depending on how you restructure, you might also find that communication and decision-making improve — especially if you’re reorganising teams and removing layers of management.
Overall, restructuring allows you to reposition your business. By mapping out how things will look and work in years to come, you’ll have a plan for how to grow your business more profitably and efficiently going forward.
At The HR Dept, we can help you reap these benefits. We’ll get to know your business and help you plan an effective restructure that will enable your business (and its employees) to adapt to changes and grow.
How The HR Dept can help you
Restructuring your business can be a daunting task, especially if you haven’t experienced anything like this before. Our specialists can support and guide you from start to finish — offering help and advice every step of the way. We’ll provide sensible advice and create a plan that is 100% tailored to your business, enabling you to restructure your business with confidence, while keeping your employees informed.
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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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