Rightsizing
The Right way of Rightsizing
Anthelio Business Technologies Pvt. Ltd Block 1, 3rd Floor DLF Cyber City, Plot No 129-132 APHB Colony, Gachibowli Hyderabad, India 500019 + 91 40-49005544 25-May-2012
Harjeet Singh Khanduja
Senior Vice President & Head – Human Resources
Pranshu Keerti Mishra
Assistant Manager – Human Resources
Introduction
In today’s constantly changing world, Corporates are often forced to take tough decisions which may at times include closing down a particular business process. This poses an equally challenging situation where HR has to rightsize the organization as well as handle survivor’s syndrome and other repercussions that the exercise leads to. The purpose of this white paper is to explain how to rightsize in a positive way, handle survivor’s syndrome and convert it into an opportunity for employer branding. The paper provides an overview on how Anthelio healthcare Solutions managed the entire cycle of rightsizing and handled the after-effects of it. The paper also describes how corporates can use a similar approach and transform the threat of rightsizing into an opportunity for establishing an employer brand.
Defining Rightsizing
The process for a Corporation reorganizing or restructuring their business by cost-cutting, reduction of workforce or reorganizing upper level management. The goal is to mold the company properly to achieve maximum profit. In April 2012, Anthelio revamped its business focus to build specific domain expertise and help clients in meeting with the challenges in the healthcare IT industry. As a result, the management decided to restructure its business strategy and close its PFS (Patient Financial Services) business process. This meant reduction of 80 employees who were working for PFS business process. Rightsizing the organization for business realignment was a huge task to accomplish as it can lead to resentment from the affected employees; negatively affect those who are retained by the organization and effect
Anthelio Business Technologies Pvt. Ltd Block 1, 3rd Floor DLF Cyber City, Plot No 129-132 APHB Colony, Gachibowli Hyderabad, India 500019 + 91 40-49005544 25-May-2012
Harjeet Singh Khanduja
Senior Vice President & Head – Human Resources
Pranshu Keerti Mishra
Assistant Manager – Human Resources
Introduction
In today’s constantly changing world, Corporates are often forced to take tough decisions which may at times include closing down a particular business process. This poses an equally challenging situation where HR has to rightsize the organization as well as handle survivor’s syndrome and other repercussions that the exercise leads to. The purpose of this white paper is to explain how to rightsize in a positive way, handle survivor’s syndrome and convert it into an opportunity for employer branding. The paper provides an overview on how Anthelio healthcare Solutions managed the entire cycle of rightsizing and handled the after-effects of it. The paper also describes how corporates can use a similar approach and transform the threat of rightsizing into an opportunity for establishing an employer brand.
Defining Rightsizing
The process for a Corporation reorganizing or restructuring their business by cost-cutting, reduction of workforce or reorganizing upper level management. The goal is to mold the company properly to achieve maximum profit. In April 2012, Anthelio revamped its business focus to build specific domain expertise and help clients in meeting with the challenges in the healthcare IT industry. As a result, the management decided to restructure its business strategy and close its PFS (Patient Financial Services) business process. This meant reduction of 80 employees who were working for PFS business process. Rightsizing the organization for business realignment was a huge task to accomplish as it can lead to resentment from the affected employees; negatively affect those who are retained by the organization and effect