Industry Expertise Case: Energy & Utilities
Redeployment: Optimization of Restructuring
As a major energy company evolved strategically, accompanying structural changes became imperative. The division responsible for providing information technology services faced a challenging and potentially painful downsizing.
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The Challenge
The division that had provided international IT support would be subject to several rounds of layoffs of long-term employees over a several-year period. The costs associated with lost talent and severance benefits, reduced morale and productivity, and the negative impact on talent acquisition and retention all weighed heavily on Human Resources. To ease the process and control costs, the company asked Career Partners International for assistance.
CPI's Response
With CPI's help, the company embarked on a major redeployment effort that would place as many employees as possible in other divisions of the company. Major highlights of this program included:
- A two-day seminar with additional follow-up counseling to help employees face job loss
- Identification of skills that were readily transferable to other divisions
- Resume development and practice interviews
- Onsite candidate services that maximized the potential for internal placement
The Results
Two major accomplishments were the positive morale among transitioning and remaining employees and substantially reduced severance costs. In addition to satisfying every pre-defined objective, the program has enhanced the company's internal online placement process. The director of Human Re-sources commented, "This effort has been so successful that the company has redeployed employees who otherwise would have left the organization. We value this talent retention far in excess of the substantial severance savings. On the other hand, the initiative is equally valuable in talent acquisition as candidates see the high value the company places on its employees."CPI Services
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