As the outplacement professionals in China are often informed by their clients, the pressures of limited time along with the need to cut costs and bridging crucial talent gaps, often makes organizations to adapt a reactive approach towards doing things. While they might provide the help and support to their outgoing employees through career transition coaching in China, it might just not be enough to cover the damage. Finding The Right Solution When faced with such situation, a leading interim executive search firm in China advices its clients to use the principle of four R’s to manage workforce change. These three R’s are identified as redeployment, retraining and resourcing. Each of these factors is explained in brief as follows. • Redeployment • Retraining • Resourcing Implementing Change In A Hurry The most important thing that business organizations need to understand about reducing talent waste is that making haste always proves damaging. This is because, with the shorter timeline to implement the necessary change, companies often choose the path of removing employees handling similar tasks. However, doing so without proper planning can result in increasing the overall business operation costs rather than bringing them down. This is because handling redundancy in a poor manner increases the risk of losing good talent significantly besides causing much financial loss to the organization. It affects the overall confidence and performance level of the remaining employees which can derail the overall business output.

1. Reducing The Risk Of Talent Wastage
During Business Makeover

2. Reducing The Risk Of Talent Wastage
During Business Makeover
For most organizations feeling the need to cut own the
number of their employees, efficient talent management
can prove to be a major challenge.
Their inability to proactively manage the workforce not
only increases the risk of losing in-house talent and valuable
resources but also the trust and morale of the employees
they might have fought hard to win.
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com

3. Reducing The Risk Of Talent Wastage
During Business Makeover
However, as the outplacement professionals in China are
often informed by their clients, the pressures of limited time
along with the need to cut costs and bridging crucial talent
gaps, often makes organizations to adapt a reactive
approach towards doing things.
While they might provide the help and support to their
outgoing employees through career transition coaching in
China, it might just not be enough to cover the damage.
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com

4. Reducing The Risk Of Talent Wastage
During Business Makeover
Implementing Change In A Hurry
The most important thing that business organizations need
to understand about reducing talent waste is that making
haste always proves damaging.
This is because, with the shorter timeline to implement the
necessary change, companies often choose the path of
removing employees handling similar tasks.
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com

5. Reducing The Risk Of Talent Wastage
During Business Makeover
However, doing so without proper planning can result in
increasing the overall business operation costs rather than
bringing them down.
This is because handling redundancy in a poor manner
increases the risk of losing good talent significantly besides
causing much financial loss to the organization.
This loss is in the form of severance payments and outgoing
costs for the employees being removed.
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com

6. Reducing The Risk Of Talent Wastage
During Business Makeover
In addition, it affects the overall confidence and
performance level of the remaining employees which can
derail the overall business output.
Finding The Right Solution
When faced with such situation, a leading interim executive
search firm in China advices its clients to use the principle
of four R’s to manage workforce change.
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com

7. Reducing The Risk Of Talent Wastage
During Business Makeover
These three R’s are identified as redeployment, retraining
and resourcing.
Each of these factors is explained in brief as follows.
 Redeployment
 Retraining
 Resourcing
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com

8. Reducing The Risk Of Talent Wastage
During Business Makeover
Redeployment :
It is important for the business organizations to understand
that removing employees will lead them to lose their entire
investment in the form of hiring and development of the
employees.
To avoid suffering this loss, it is advisable for the
organizations to consider redeploying the employees to
retain their knowledge and skill within the company.
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com

9. Reducing The Risk Of Talent Wastage
During Business Makeover
For this the organizations need to identify alternate career
paths and opportunities for the members of their workforce
in accordance with their identified capabilities and interests.
Retraining :
It is a well known fact that retraining the employees can
prove to be a costly option for organizations already looking
to cut their costs. However, this can help the companies to
win the trust and loyalty of its employees for a lifetime.
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com

10. Reducing The Risk Of Talent Wastage
During Business Makeover
Such investment assures the employees of the commitment
of the company towards its people and their development
and motivates them to give their 200% towards its growth.
Resourcing :
The organizations should invest time and effort in critically
evaluating their employees and sourcing strategies to
identify the right candidates for fulfilling key roles.
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com

11. Reducing The Risk Of Talent Wastage
During Business Makeover
This exercise will also help organizations to identify skills
and roles that would no longer be required by the
organization.
This will make it easier for the organizations to provide the
most efficient outplacement support for such employees.
ExecutiveSearchCHINA– ASIA
Tel : +86-21-6474-7064 | simon-wan@cornerstone-group.com