Monday, 19 March 2012
Risk... and how a Tiger can help
We've been working with three companies recently who have all recognised risks in their business, and called us in to help handle it.
After 2 years of working hard to prevent downsizing, Company 1 are feeling the effects of the economic downturn and need to reduce the size of one team by 2 members. We've been engaged to manage a redundancy process, ensuring fairness, accuracy, compliance with the law and open communication in order to counter the risk of identifying the wrong candidates, leaving the Company open to loss of skills, accusations of unfairness or even a subsequent complaint or legal action. It's a hard thing to do in any business; we are mindful at all times that this process directly affects lives. The fact is that by the time the word 'Redundancy' is out there, some pretty tough choices have already been taken. You may not always be able to retain staff but you must work to make it as fair as possible, and offer as much support to all affected as is realistic.
Company 3 has some 160 staff, over 120 of whom work on large construction sites. There's been a growing awareness about the suty of care they hold for the health of their people. They have recognised that there is too high a risk of work-related illness and injury leading to days off and longterm sickness absence, costing the business time and money, and making employees unhappy. Obviously, there's also a risk that bad practice or ignoring issues could lead to grievances being raised or even legal action, so there's a need to protect both empoyees and the business.
We've helped all three businesses to negate, reduce and manage risk, and added a little more into the mix too with our unique approach. We've had some great feedback from all and look forward to continuing these working relationships into the coming years.
We call that a good month!
So if the risk factor is something you want to address in your business, give us a call. We'll always be happy to help.