• About
  • Subscribe
  • Contact
Wednesday, April 30, 2025
    Login
FutureCFO
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
FutureCFO
No Result
View All Result
Home Business Insights Competencies and Capabilities

How finance leaders should communicate restructuring

FutureCFO Editors by FutureCFO Editors
January 18, 2024
Photo by Karolina Grabowska: https://www.pexels.com/photo/people-in-the-office-looking-at-a-document-while-standing-7875889/

Photo by Karolina Grabowska: https://www.pexels.com/photo/people-in-the-office-looking-at-a-document-while-standing-7875889/

Communicating the rationale for restructuring can be sound simple, but is actually requiring more than just a mere meeting with the team.

As a finance leader, it is important that topics such as restructuring is properly and effectively communicated to the people to ensure that the team is on the same page. If executed well, this will ultimately be beneficial for the organisation as a whole.

Effective communication is crucial during a cost reduction initiative to alleviate employee anxiety and foster a sense of trust and understanding. Finance leaders must clearly articulate the rationale for the restructuring, emphasise the long-term benefits, and actively involve middle and frontline managers in the process.

Addressing employee concerns

Restructuring initiatives can create uncertainty and fear among employees. To ease these concerns, finance leaders must provide reassurance and open lines of communication. Middle and frontline managers play a vital role in this process by conveying the reasons behind the restructuring, listening to employee feedback, and addressing their concerns. By empowering managers to lead and communicate, organisations can build trust and engage employees throughout the transformation.

Creating a positive mindset

Rather than focusing solely on the negative aspects of cost cutting, leaders should create a positive narrative that emphasises the potential for a stronger company and a better work environment. By framing the restructuring as an opportunity for growth, innovation, and improved efficiency, organisations can inspire employees and foster a sense of shared purpose. This positive narrative should be aligned with the company’s strategic identity and resonate with employees at all levels.

Enlisting participation

Employee participation is key to the success of a cost reduction initiative. By involving employees in the decision-making process, organisations can tap into their expertise and generate innovative ideas for cost savings. This not only increases employee buy-in but also creates a sense of ownership and accountability. Organisations should provide platforms for employee input, recognise and reward valuable contributions, and foster a culture of continuous improvement.

Related:  PwC: CFOs should step up to support chief sustainability officers
Tags: CFO strategyemployee engagementrestructuringtalent cultivation
FutureCFO Editors

FutureCFO Editors

No Result
View All Result

Recent Posts

  • Modernising Days Sales Outstanding (DSO) for 2025
  • A Day in the Life: Shelly Maneth from Red Hat Asia Pacific
  • Singapore Inc: Expanding horizons in ASEAN and beyond
  • Technology essentials for the modern CFO
  • Transforming budgeting through automation

Categories

  • Artificial Intelligence
  • Audit and Compliance
  • Automation
  • Big Data
  • Blockchain
  • Business Applications
  • Business Insights
  • Case Studies
  • Cloud, Platforms and Ecosystems
  • Competencies and Capabilities
  • Digital Transformation
  • eBooks and eBriefs
  • ESG and sustainability
  • Finance Accounting and Reporting
  • Future Technology
  • General
  • Infographics
  • Leadership and Roles
  • Mergers and Acquisitions
  • Operational Accounting and Control
  • Operations
  • Polls and Surveys
  • Resources
  • Risk and Regulation
  • Strategies and Tactics
  • Tax Management and Optimization
  • Technology
  • Treasury and Cash Management
  • Videos/Tutorials
  • Webcasts/Podcasts
  • White Papers

Strategic Insights for Finance Executives

FutureCFO.net is about empowering the CFO and the Finance Team to take on the leadership position in the digitalization of the enterprise. It's more than just a portal for the exchange of industry best practices, it is about creating and growing a community of finance professionals able to share learned experiences, providing a platform for the current and next generation of finance leaders and professionals.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Subscribe