Change Management
The management of change within a business or organisation.
When managing the people side of your business or organisation, you may from time to time make redundancies to reduce your workforce, due to a certain job or jobs no longer being required. However, not all businesses are able to accommodate the costs associated with this aspect of change management.
What options does your firm have?
Businesses that wish to make redundancies but cannot afford to do so have the option to request an interest-free loan specifically intended to meet the cost of redundancies, as provided by the Insolvency Service’s Redundancy Payments Office (RPO).Practical Application Example
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If your business meets the qualifying criteria and your application is successful, the RPO will offer you a loan that they may expect you to repay over a two-year period. ”
