Retrenchments as part of a turnaround strategy
June 21, 2021

We have all had to suffer some hardships due to the COVID-19 pandemic, maybe the death of a family member or friend, or at very most minor setbacks financially – and in the case of many businesses – the necessity to downsize to survive. 

This is one of the reasons these businesses have taken to outsourcing professional and business services, simply so that they can run a very tight ship in these times of great uncertainty but still get things done.

Putting people off is not a simple thing to do, though. Usually, H.R. people taking advice from labour practice advisors have to handle such matters but not every business, of course, has the luxury of their own in house people to do so. This is where the outsourcing of people like us comes in.

Why businesses outsource experts like Platinum Business Services (PBS) for H.R. functions

Outsourcing H.R. functions helps businesses to manage employee performance and development. Providers, like PBS, implement performance management plans to ensure employees comply with company policies and procedures and successfully meet business goals. 

We also periodically monitor employee performance and report our findings to management. This reduces the workload of managers by minimising the number of administrative responsibilities they must focus on.

These are some of the services we offer in H.R. so that businesses can be in a position to comply correctly in times that retrenchments as part of a turnaround strategy arise…

Develop and Manage company labour policy

Manage recruitment and employee training processes

Manage employee productivity and performance reviews

Manage employee and labour conflict resolutions

Manage workmen’s compensation claims

Manage work skills programme (WSP) & employment equity report (EER) submission

As you can see, every aspect of employee relations are taken care of whilst you get on with running your core business. This is also vitally important when it comes to having to make retrenchments a part of your turnaround strategy, and PBS goes about this in various ways…

  • We discuss with Employers whether retrenchments are necessary as part of a turnaround strategy and then advise on the entire process…
  • We ensure that the process will avoid unfair dismissal charges and because we would have already discussed this with employees and made them aware of their rights of them and their employers, this would be a more straightforward process…
  • Having monitoring employee performance and conduct in the workplace, we would also know if these can be legitimate reasons for dismissal.

Steering you through the storm

PBS is passionate about helping you maximise and solve your financial opportunities and challenges, at an affordable cost and in an empathetic manner. Our business is about assisting your business and we are dedicated to working with owners to develop a specific turnaround strategy to get you right back on track.

We all need to do whatever it takes to ensure we ride this storm out and keep our businesses alive. If executing retrenchments as part of a turnaround strategy is what is necessary, we will assist you to execute them fairly and correctly, with empathy and dignity.

Contact us today – we are, after all, an outsourced service so we can be there whenever you need us but only bill you for what we do. Stay safe and stay positive!

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