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Cutting costs: consider a stock take

Redundancy is often driven by short term cost cutting measures. However, it is worth taking a deep and meaningful look at your current organisation design to see how your employees are adding value to your Company. Take some time to take an intellectual stock take. Who are the people occupying these roles and what unique skills, experience and knowledge do they possess? If you are going to lose some valued employees what are the unforeseen consequences in terms of lost opportunity cost, the customer impact, the subject matter expertise that colleagues in your company depend on? Undertake this stock take before you push the button can pay dividends and guide you accordingly.