Workforce Restructuring Software Released by PeopleStreme

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PeopleStreme Human Capital has released a new Workforce Restructuring module, available as standalone online software or as part of the companies performance and talent management suite. The module is designed to provide decision support to help the HR department plan a workforce restructure. If the final plan is approved by the CEO or CFO, the software supports the execution of the restructure.

At present, most organisations complete restructures by using spreadsheets. Progress is slow because planners tend to work in silos and combining spreadsheets is prone to error. Re-organisation overlap caused by multiple planners is also a threat.

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Organisations have implemented workforce planning systems during boom economic times and are now looking at ways of using these systems as the global economy cools. "Our clients have been asking for a workforce restructuring module that enables them to create multiple restructure scenarios, fully cost each option and present an organisation chart for each scenario" said Lyle Potgieter, CEO of PeopleStreme Human Capital. "This enables organisations to visualize and make informed decisions quickly and then act on the most suitable scenario". In order to remove the delays and subsequent costs caused by numerous rounds of restructure planning with line managers, multiple scenarios need to be presented simultaneously to the CEO or CFO.

PeopleStreme's new online workforce restructuring module is now available for global deployment. The module enables organisations to:

a) Create multiple workforce restructuring scenarios, for example 10% or 20% reduction
b) Head count modeling, by department, by scenario
c) Determine and compare cost savings by scenario
d) Graphically model the future organisation chart by scenario
e) Reduce risk by identifying and reducing critical employees being accidentally terminated

Restructure Memory Loss

"The last time many organisations had to restructure was post Year 2000. They have forgotten the lessons learned in the last restructure." according to Potgieter. He continues "Without tools and risk mitigation methodology, organisations will make the same mistakes again. They will terminate an employee critical to the organisations ongoing operations (such as a compliance officer) and thereby create more harm than good. This tool prompts the workforce planner to consider high risk factors such as employee certification and helps ensure that employees critical to the ongoing operations are not terminated".

$1 Million Dollars per day

Chief Operating Officer at PeopleSteme, Peter Vlant suggests "At present, most organisations complete restructures by using spreadsheets. Progress is slow because planners tend to work in silos and combining spreadsheets is prone to error. Re-organisation overlap caused by multiple planners is also a threat." In a medium size organisation with 30,000 employees contemplating a 10% restructure, the cost of not completing a restructure can literally exceed $1 million dollars per day. By providing a central database, the new module saves time and quickly provides a consolidated graphical view. Multiple scenario planning can be conducted on-the-fly, which means organisations can save a significant amount of time and money. "We can import a full payroll list and this forms the starting point for all scenario planning" said Vlant.

Unplanned Risk Factors

In any restructure there are risk factors. PeopleStreme's workforce restructure module enables organisations to build a scenario and include risk factors defined by each client. For example, each workforce planner can specify individual employee certifications required to operate the business or to maintain corporate certifications. For example, these might include finance industry licenses or technology industry vendor certification. Executives can then make decisions based on the new structure, on risk profiles for each scenario and on final costs.

The restructuring module is delivered as a Software As A Service (SAAS). Organisations can be using the product in days and simply need an internet browser to access the service.

The software is backed by a comprehensive training course on restructuring techniques.

About Peoplestreme:
PeopleStreme is a leading provider of Human Capital Solutions including Performance and Talent Management, Workforce Planning, Recruitment, Employee Engagement and Exit Survey software.

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Lyle Potgieter
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