HR professionals must acquaint, update and equip themselves with the financial and operational aspects of the turnaround plan and a thorough understanding of market forces in operation to 
address the pressing realities of the function and interdepartmental needs. Turnarounds are uncertain, demanding, risky in nature and tricky in approach and, the key issues are leadership, communication, and change management. These are the issues that require a competent HR team to handle and set directions for organisations. The role of HR leader is critical and crucial as he or she not only steers his or her team to brace and facilitate change, but also guides the top management including the CEO in overcoming HR challenges in the form of layoffs, legal tangles, reorganisation and absorbing the cultural shocks. Lastly, the HR team needs to devise an exit strategy from post-turnaround phase as organisations cannot continue to work under a war-like scenario.
address the pressing realities of the function and interdepartmental needs. Turnarounds are uncertain, demanding, risky in nature and tricky in approach and, the key issues are leadership, communication, and change management. These are the issues that require a competent HR team to handle and set directions for organisations. The role of HR leader is critical and crucial as he or she not only steers his or her team to brace and facilitate change, but also guides the top management including the CEO in overcoming HR challenges in the form of layoffs, legal tangles, reorganisation and absorbing the cultural shocks. Lastly, the HR team needs to devise an exit strategy from post-turnaround phase as organisations cannot continue to work under a war-like scenario.
Turnaround phase in organisational life is not uncommon. The turnaround HR team needs to understand the realities and act upon the best ideas and innovations. The role of HR leader during a turnaround can be aptly summarised as “Obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb it, go through it, or work around it”. Read more...
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