Turnarounds

Turnarounds

by Steven sieja
Given the challenging economic environment of today’s marketplace, the number of businesses that are facing turnarounds continues to be high. Human resources play a vital role in the success or failure of a turnaround.

Tactical HR Focus

If your business is undergoing changes that are leading to a turnaround, it’s incredibly important to depend on reliable HR experts to preserve a smooth and proper transition. There are an abundance of obstacles with each turnaround situation and Flex HR quickly learns your business’s planned deviations to start navigating operations and fulfilling new roles.

Human capital cannot be forgotten and underestimated at this time. A variety of factors determine the staff that stays or goes with the new alterations, and concluding which upper management individuals will be remaining on board should be a priority. Our HR team then guides your managers and employees through a defined strategic process, acting as the facilitator when restructuring and integrating other new company changes.

Reach Your Organizational Goals

As you reorganize for success employees need to know the direction they are to proceed, and what is expected of them. Establishing strong measureable goals and objectives is a key element to achieving those intentions. We believe a good framework outlining how to succeed is one of the largest fundamentals of turning your business around, positively changing culture and ultimately reaching your set goals.

Make it Happen

One of the main ambitions during a turnaround is to accomplish the task fast and effectively. We can project manage the entire process — whether it is building a new infrastructure, leading teams through change, or creating new processes to achieve greater success. Flex HR has turnaround consultants that can act as interim management or project leaders to navigate operations and work with you as long as it takes to achieve your transition plan and goal attainment.

Graphic displaying human resources success in corporate turnarounds
Team demonstrating successful corporate turnaround with human resources from Flex HR

Key Benefits of Turnaround Assistance

  • Rapid deployment
  • Encouraging culture change
  • Process improvement
  • Communication processes
  • Operations process mapping
  • Upgrading talent
  • Re-organization
  • Redundancy elimination
  • Performance management
  • Interim management services
  • Cost reductions