2021 promises to be all about stability, recovery, growth, fun and flexibility… right?
Probably . . . however there is one certain - there will be more change.
2021 is an opportunity to explore and embed flexible work arrangements and to rebalance our lives with new ways of working, connecting and innovating.
However, talking with dozens of CFOs and executive teams over the last few months, there is also a forecast for restructure as job keeper incentives peel back and organisations need to ‘resize’ to their optimal structure.
We don’t anticipate large scale restructures, rather a rolling sequence of adjustments over the next 12 months as agile executive teams tweak and adjust their strategy and operations to changing market conditions and customer trends.
A Robert Walters report released last week shows that 25% of organisations are planning to make redundancies this year and accounting for these small changes, we anticipate this to be much higher.
TALENT in 2021
So, what does this mean for talent?
Most organisations in our network are starting to think ahead and plan their approach for talent mobility, change leadership, and the potential for separation.
25 years of career transition coaching tells us successful change is in the planning and research from McKinsey, Towers Watson and others shows that the people side of change will determine the success of any change initiative.
So while separation is always challenging, a well-planned and managed process that prioritises respect and empathy has immediate and long-term benefits for impacted staff, remaining staff and their leaders.
A step-by-step roadmap
If you are forecasting change in your organisation, we’ve created a roadmap to assist you in planning for and managing effective separation.
Click here to get your copy of the ROADMAP FOR EFFECTIVE SEPARATION – A step by step guide.
Principles are consistent yet all change is unique so feel free to contact ALCHEMY discuss your plans and approach. We’re here to support you, your people and your business.