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Restructuring? Be sure to document reasons – Business Management Daily

Business doesnt come to a stop just because an employee needs time off for a serious illness. Major decisions still have to be made, including how to adapt to challenges such as falling sales, changing market conditions, new competition and a host of other economic considerations.

HR pros cant let sympathy for an employee who is out on extended medical leaveand whose job may be in jeopardyaffect the organizations need to respond to business needs by restructuring.

A better approach is to carefully document each step of the restructuring plan. That way, if an employee ever sues, you will be able to provide back-up for your staffing decisions.

Document specifics about the business challenges facing the organization. If its the ec…

Read the full article at: https://www.businessmanagementdaily.com/47075/restructuring-be-sure-to-document-reasons

Category: RestructuringBy Insolvency GuardianSeptember 15, 2016

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Restructuring? Be sure to document reasons – Business Management Daily

Business doesnt come to a stop just because an employee needs time off for a serious illness. Major decisions still have to be made, including how to adapt to challenges such as falling sales, changing market conditions, new competition and a host of other economic considerations.

HR pros cant let sympathy for an employee who is out on extended medical leaveand whose job may be in jeopardyaffect the organizations need to respond to business needs by restructuring.

A better approach is to carefully document each step of the restructuring plan. That way, if an employee ever sues, you will be able to provide back-up for your staffing decisions.

Document specifics about the business challenges facing the organization. If its the ec…

Read the full article at: http://www.businessmanagementdaily.com/47075/restructuring-be-sure-to-document-reasons

Category: RestructuringBy Insolvency GuardianSeptember 15, 2016

Post navigation

PreviousPrevious post:Stephen Colbert Helps Nelly with Song ‘Debt In Herre’: Watch – BillboardNextNext post:Ashtons Legal appoints new head of Corporate in Cambridge – Business Weekly

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Real estate businesses seek restructuring of overdue, coming due bonds – Viet Nam News
July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 16, 2024
Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish Times
July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
July 15, 2024
Atos secures funding for rescue plan, lives to fight another day – The Register
July 15, 2024
McGrathNicol celebrates twenty years in business recovery – Consultancy.com.au
July 13, 2024
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