Downsizing is a challenging process, but one that can yield benefits for the future of the business.
Every company must constantly consider whether it is using more resources than it needs.
Downsizing , although it may seem paradoxical, can be a necessary step for growth . Controlling is not only about measuring, but also regulating , having the ability to adapt the company to changing circumstances. It is common that there may be a part of our business that we have to do without in order to maintain efficiency .
Without a doubt, one of the most complex decisions for any company is that of size. However, once the decision to reduce has been made, there is another that is no less complex: how to carry out downsizing . Let's look at the main keys.
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The template as a central axis
If we carry out a staff reduction finland email list initiative , we must be very careful in its execution. Among other objectives, we will seek:
Consolidate talent retention . There is always a risk that the best workers will be afraid of losing their jobs and end up accepting an offer from another company . On the contrary, they must be clear that, with the new plans, their role within the company has greater meaning, viability and projection .
Mitigate the risk of key worker dependency . As we are left with a smaller workforce, we have fewer alternatives to replace them. There needs to be a continuous search for talent , both internally and externally.
Plan options for workers affected by the reduction. For example, outplacement initiatives may be considered .
“There is no well-executed staff reduction without proper talent management”
Improving the flow of information
Downsizing allows the organization chart to reduce its levels or the number of departments. The structure, therefore, becomes simpler and the information flows reflect this. There are fewer distorted orders and reports. On the other hand, we may have fewer (or less specialized) resources for decision-making. In any case, the work does not end there:
We need to take advantage of the opportunity to modernize information flows . Collaboration tools should be the norm in a company with a simpler structure. They open the door to external help and more balanced teams.
We must pay close attention to decision-making with a company that is more focused on specific areas. To do so, we have a great ally: technology offers us increasingly advanced management solutions .
We must take advantage of greater organizational simplicity to achieve greater fluidity in the exchange of information between physical and digital formats .