Whilst we, like our clients, do our utmost to focus on the growth of a business, the reality of the situation is that, from time to time, an economic downturn may create the need for an organization to have to cut down and think about the opportunity from a smaller scale. These tough decisions may require individuals or groups of people to be moved to a different section within the company itself, perhaps may need to be re-trained for a new section, or, at worst, they may need to find alternative employment. In a business enterprise, downsizing is reducing the number of employees on the operating payroll. Some users distinguish downsizing from a layoff, with downsizing intended to be a permanent down scaling, this can be done by Cost cutting refers to measures implemented by a company to reduce its expenses and improve profitability. Cost-cutting measures may include laying off employees, reducing employee pay, switching to a less expensive employee health insurance program, downsizing to a smaller office, lowering monthly bills, changing hours of service and restructuring debt.
At SRS Group we are able to help with the process for both the company and the individual by clearly highlighting the strengths and limitations and the individual’s ability to cope with a new role, either inside or outside of the organization. In the case of individuals who wish to treat “redundancy” as an opportunity to grow, we can very clearly highlight the strengths that they should be focusing upon, and what sort of roles or industry they would be able to best utilize these strengths within.