What is re organization work?
Reorganization, in a business context, is an overhaul of a company’s internal structure. A company may sell off or otherwise exit unprofitable business units, or outsource work to areas with cheaper labor. A reorganization is often just called a “reorg.”
What does reorganization in a company mean?
A reorganization is a significant and disruptive overhaul of a troubled business intended to restore it to profitability. It may include shutting down or selling divisions, replacing management, cutting budgets, and laying off workers.
What happens when you have a company re-org?
The period leading up to the reorganization and the actual event itself can be stressful. Friends and colleagues may have been let go and your job or work environment may have changed, which can lead to feelings of sadness and loss, he says. Some people even feel “survivor’s guilt” for having kept their job while others lost theirs.
Is it good for a company to do a reorganization?
Companies should view reorganization as a routine practice essential to remain competitive and keep pace with technological change and disruption. Reorganization doesn’t have to be an overwhelming undertaking, and, in fact, it can be quite rewarding for a company and its employees—especially if approached in a methodical way.
What’s the change in the way companies work?
There’s unprecedented disruption in the way that companies are working with higher requirements for things like analytics, consumer touchpoints, and complex and remote work. There’s also a really big shift in the underlying demographics and expectations of the workforce.
What to do when you’re returning to a company you used to work?
If a colleague presses you, be upbeat and express how thrilled you are to be back. The idea of boomerang employees — workers who voluntarily leave a job at an organization and then rejoin that same organization at a later date — is gaining more and more acceptance from hiring managers and in the labor force.
When does a company go through a reorganization?
Reorganization, or business restructuring, is a process where a company does an overhaul of its current strategy, setup, and operations. Typically, businesses go through reorganization when they have financial troubles, new owners or staff, or a structural change. When a business reorganizes, it generally changes its business tax structure.
What should a company board know about a reorg?
If the reorg is company-wide or likely to have a major impact on company performance, it will be of interest to the board. And reorgs always lead to some short-term penalties. The board should therefore understand what is happening and why, and be aware of the time frame, the benefits, and the risks along the way.
What should your attitude be during a company reorganization?
As a leader, your attitude about the company reorganization strategy sets the tone for how it will be received by your employees and co-workers. If you’re excited about the restructuring, that excitement will be reflected in all involved throughout the reorganization process.
Who to contact with questions about a reorganization?
Anyone with a question about the reorganization, at any stage—but especially when the new organization is being rolled out—should be clear whom to contact on the reorg team or in the individual’s own part of the business.