As a major energy company evolved strategically, organizational restructuring became imperative. The division responsible for providing information technology services faced a challenging and potentially painful downsizing.
Following the implementation of a new strategic direction, a division of a major energy company that had provided international IT support would be subject to several rounds of layoffs of long-term employees over the course of several years. The negative impact on talent retention and acquisition, the costs associated with lost talent and severance benefits, and the reduced morale and productivity all weighed heavily on Human Resources. Seeking to ease the pain and control costs, the company asked Career Partners International for assistance.
After understanding the new strategic direction, Career Partners International presented a redeployment solution to help the company place as many employees as possible in other divisions of the company. Major highlights of this program included expert career coaching assistance and:
The entire program clearly communicated the company’s concern and value of the transitioning employees to everyone. Management saw the program as an excellent way to enhance morale for all employees during the 90-day period after the layoff announcement.
Two major accomplishments were the positive morale among transitioning and remaining employees and the substantial reduction in severance costs. In addition to satisfying every pre-deﬁned objective, the program enhanced the company's internal online placement process. The Director of Human Resources commented, "This effort has been so successful that the company has redeployed employees who otherwise would have left the organization. We value this retention of talent retention far more than the substantial severance savings. Additionally, this initiative is equally valuable in talent acquisition as new job candidates see the high value the company places on its employees."
To find out how your company can improve redeployment initiatives or learn about other talent retention strategies, please call 800-686-5999 or 919-401-4273.