Reshaping the workforce

Many organisations around the world are still under considerable pressure to cut costs, improve earnings or increase productivity. Such changes can often lead to job losses which may also pose significant organisational and HR challenges. PwC’s Workforce Reshaping team brings together a large group of professionals who are specialists in employment tax, pensions, reward and outplacement/resourcing and our collective experience can support you with some of the difficult decisions which need to be made.

We understand the challenges you face:

• Planning, designing, communicating and implementing a voluntary severance or redundancy programme
• Properly resourcing your HR & Finance departments so they can implement a severance programme
• Maximising the tax efficiency of severance packages for departing employees and executives in light of recent budget changes
• Getting to grips with the complexity of calculating tax free exemptions for departing employees and the consequences of getting it wrong i.e. PAYE settlements, interest and penalties
• Getting employee buy-in for a severance programme and assisting departing staff with briefings, individual counselling, confidential help lines and financial planning workshops
• Dealing with trade unions
• Issues surrounding pension schemes

How PwC can support you

• Drawing on our extensive experience we can assist you in designing a plan which meets budget requirements and which is tax efficient
• Working with you to ensure that departing employees get the most tax efficient package possible
• Advising on and planning of effective employee communications plans
• Our specialist software allows us to prepare detailed severance calculations in bulk for clients, which ensures speedy delivery at lower cost to you
• Designing and implementing a “ready reckoner” calculation tool for your company to enables employees to quickly estimate their net severance package entitlement, which promotes employee buy in and reduces the workload of your HR and Finance team