Q. Discuss HR’s vital participation in the strategic and administrative “treatment” of a company during hard times.
A. HR needs to be truthful when announcing difficult decisions such as downsizing. The HR department needs to work closely with the CEO to ensure that the restructuring exercise is properly carried out and with the support of the staff. The companies will then know that people are not against bad news but they want to see quick and effective results.
Q. Have you come across some common employee expectations during turnaround?
A. Employees hate uncertainty. Therefore, it is important that the turnaround or restructuring plan should be shared with the staff to get their support. The management should treat the staff, who are retrenched, with respect as the remaining people are watching closely how their former colleagues are being treated.
The management should also direct the focus of the staff on the future and financial rewards when the company does a turnaround. It is important to turn the negative energy in to positive during the turnaround as negative energy impacts employees’ morale, hard work, and hope.
Q. Please elaborate on your principle: “Manage yourself with the head and others with the heart”.
A. The prime weakness of the external CEOs is that they do not know the existing team and the trend. This leads them to make decisions based on their own reasoning and without understanding the sentiments and background of the employees. In a restructuring exercise, one should use his head to plan and analyse, and the heart to energise and empathise with others. For example, a plan on the cost-cutting exercises with the head. However, when one implements it one needs to win the hearts to get the support of the people. Also, there arises the need to energise and motivate the workforce. Reda more...
A. HR needs to be truthful when announcing difficult decisions such as downsizing. The HR department needs to work closely with the CEO to ensure that the restructuring exercise is properly carried out and with the support of the staff. The companies will then know that people are not against bad news but they want to see quick and effective results.
Q. Have you come across some common employee expectations during turnaround?
A. Employees hate uncertainty. Therefore, it is important that the turnaround or restructuring plan should be shared with the staff to get their support. The management should treat the staff, who are retrenched, with respect as the remaining people are watching closely how their former colleagues are being treated.
The management should also direct the focus of the staff on the future and financial rewards when the company does a turnaround. It is important to turn the negative energy in to positive during the turnaround as negative energy impacts employees’ morale, hard work, and hope.
Q. Please elaborate on your principle: “Manage yourself with the head and others with the heart”.
A. The prime weakness of the external CEOs is that they do not know the existing team and the trend. This leads them to make decisions based on their own reasoning and without understanding the sentiments and background of the employees. In a restructuring exercise, one should use his head to plan and analyse, and the heart to energise and empathise with others. For example, a plan on the cost-cutting exercises with the head. However, when one implements it one needs to win the hearts to get the support of the people. Also, there arises the need to energise and motivate the workforce. Reda more...
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