Whether we like it or not, most Employers will have to restructure their workforce as the UK returns to work.
This could mean anything from heavily recruiting (as we've seen across a number of sectors) to making a number of redundancies. Every decision being made is to ensure that businesses can remain open and trading, and recover as quickly as possible from any damage suffered this year.
Businesses need to work through their recovery plan, taking a longer term strategic view. Unfortunately this is one of the toughest discussions and decisions any business has to take, as it isn't about their people, it's about their livelihood. One cannot exist without the other, and it's finding the balance to allow for a effective recovery.
Unless you are one of the lucky industries, such as IT and Technology, who have seen a boom in their services over the lockdown and are now recruiting heavily. You are likely already considering what you can do to get back on an even keel.
You may have found that although your industry was impacted during lockdown, your business has continued fairly undisturbed and staffing changes aren't an imminent concern.
However, many industries will be forced to make changes. Despite staff being able to remain on furlough for another month, the reality of trading is significantly different in the post-lockdown normal. And with this looking to be the "new" normal until at least the beginning of 2021, there is little option to try and continue hobbling along until the tide turns.
In this case you have the following options:
In the next series of blog posts, we will talk through each option individually, allowing you to gather your thoughts and understand the pros and cons to each option before you make any further decisions.