About
COURSE OBJECTIVES
• Explore the issues you need to know when planning a restructuring and redundancy
• Draft and implement a comprehensive restructuring proposal with guidance from our facilitators
To enhance and minimise loss of company value in this increasingly competitive and technologically advanced global and local economy, restructuring and redundancies are gradually becoming commonplace throughout the economy.
Nevertheless, restructuring and redundancy is a serious matter. Thus any employer considering a restructuring and redundancy plan would have to consider the provisions, entitlements, alternatives of any compensation concerning restructuring and redundancy that may apply to affected employees.
Restructuring and redundancy can be seen as a particularly damaging form of change on redundant as well as survivors. And worst of all, if the restructuring and redundancy plan fails to achieve the objectives on which it was justified, it may give rise to further unfavourable consequences.
Due to recent demands for a course on this topic, Bright*Star’s Managing Restructuring & Redundancy has been designed with various issues and contexts relevant to the New Zealand industrial environment.
And to put all your learning into practice, you will be drafting a comprehensive restructuring proposal with step-by-step guidance from our facilitators who are highly regarded experts in this area.
7 GREAT REASONS TO ATTEND THE COURSE
1. Explore critical issues of restructuring in NZ
2. Identify and understand the implications of redundancy on employers and employees
3. Find out when redundancy entitlements are applicable and alternatives to redundancy
4. Study and understand clauses and protection provisions in employment agreements
5. Learn real-life lessons from past cases
6. Find out how you can add value to the consultation and selection process
7. Be able to draft out a restructuring proposal confidently through hands-on practical exercises
Outline
Day One
Overview of Corporate Restructuring
• Restructuring situations in NZ context
• Critical issues of restructuring in NZ
• Large scale: Organisational restructuring
• Small scale:
- Focused restructuring
- Restructuring of specific terms and conditions
Redundancy
• Definition
• Situations that give rise to redundancy
• What is technical redundancy?
• How to avoid technical redundancies
Rights and Obligations of Employers and Employees
• Obligations of employers under the Employment Relations Act 2000
• Identifying the ‘vulnerable’ employees
• When are redundancy entitlements applicable?
• Alternatives to redundancy - redeployment
Employment Agreements
• What are the redundancy, restructuring and employment protection provisions?
• Technical redundancy clauses
• Redundancy compensation clauses
• Redeployment clauses
Consultation and Selection Processes
• Principles of consultation
• Procedural fairness - The Simpsons Farms case
• When, where, how and with whom to consult
• Consulting and dealing with unions
• Understanding the selection processes
• How to add value to the process
Day Two
Drafting a Restructuring Proposal
• General considerations
• Rationale for the proposed restructuring
• How to draft an outline of the new structure
• Timeline and outline of processes involved
• Assessing feedback
PRACTICAL EXERCISE:
Drafting a Restructuring Proposal
Using a fact scenario, participants will draft a comprehensive restructuring proposal with guidance from facilitators.
Implementing a Restructuring Proposal
• Receiving feedback and incorporating any employee suggestions
• Making and communicating the decision
• Giving notice of the redundancy situation
• Investigating alternatives to redundancy
• Termination of employment and payment of entitlements
• Seeking a soft landing
Facilitator
To be confirmed
To be confirmed is also facilitating:
- Best Practice Employment Interviews for Employers
- Career Development for Professional Women
- Collective Bargaining: Issues, Challenges & Solutions
- Commercial Engineer
- Commercialising Technology Through Licensing
- Complex Procurement & Vendor Management
- Conducting Effective Health & Safety Audits
- Consultation, Engagement & Stakeholder Management
- Contractor Management and Control
- Corporate Communications & Strategic PR
- Corporate Social Responsibility
- Current Trends in Fisheries Management and Aquaculture
- Cyber Law Update
- Deploying Emotional Intelligence in Leadership
- Developing & Implementing a Sustainability Strategy in Your Organisation
- Dynamic Pricing and Revenue Management
- Effective Policy Analysis and Development
- Executive Leadership
- Financial Analysis for Lawyers
- Foundations & Principles of Treasury Management
- International Tax
- Managing Policy Projects
- Managing the Psychological Impacts of Disasters for Emergency Management Workers & Victims
- Marketing and Advertising Law
- Negotiating for Purchasing, Procurement, Contract & Supply
- Online & New Media Marketing Campaigns
- Organisation Structure Design
- Resilient Leadership in the Health Sector
- Salary Structuring, Remuneration & Variable Pay Schemes
- Strategic Brand Management for FMCG
- Strategic Thinking for Policy-Makers
- Strategies for Managing Foreign Exchange and Interest Rate Risk Management
- Sustainable Procurement Strategies
- Systems Thinking for Organisational Learning, Development & Improvement
- Technical Fundamentals for HSNO
In-house Training
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