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Restructure and transition support at UK insurance company
In response to global restructuring, Working Transitions delivered seamless, branded career support to employees at all levels. With a focus on retention, redeployment and reputation, our tailored approach helped redeploy 600 people, avoid £2.4m in costs and secure exceptional feedback from both individuals and leadership.
Background
A major insurance company underwent a significant market change leading to an ongoing restructuring programme across a global scale.
Solution
Working Transitions focused on ensuring that the transition was smooth for all affected employees. Key objectives were:
- Affected personnel at all levels – including senior executives, specialists, middle managers and administrators – to receive relevant and thorough support through the transition
- Retention of the organisation’s most motivated and talented people whilst protecting established reputation as an employer of choice
- All services to be delivered seamlessly under an internal brand that managed all resourcing and career requirements of leavers and stayers
Results
- 600 individuals successfully redeployed. £2.4m in avoided redundancy and recruitment costs
- 93% of leavers settled during their programme period
- 99% positive feedback from individuals re quality, effectiveness and value
- 100% contract compliance resulting in a further 2 year contract extension
- Consistently excellent feedback from unions and senior management
Testimonial
”“A superb result which exceeded our expectations at every stage”
HR Director