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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 Advisory AccountantsSeptember 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 Advisory AccountantsSeptember 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

Related Posts

Local small businesses look to restructuring for ATO debt solution – InDaily
July 17, 2024
Cash flow analysis key to small business restructuring – AccountantsDaily
July 17, 2024
Small Business Restructuring Specialists – William Buck
July 17, 2024
Local small businesses look to restructuring for ATO debt solution – InDaily
July 17, 2024
Cash flow analysis key to small business restructuring – AccountantsDaily
July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 17, 2024
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