HDA Case Study Marking 10 Years of Redundancy and Portable Skills Redeployment Support With a Major Investment Bank

Neston, United Kingdom (PressExposure) May 29, 2009 -- HDA, a UK based human capital consultancy provider, with 30 years expertise in career transition and talent management, announces that 2009 marks a 10-year outplacement / redeployment relationship for HDA with one of the world’s largest investments banks; with a list of career transition support solutions over its 10 year relationship with the bank that includes:providing outplacement support (on a project and/or case-by-case basis) over a ten year period to over 500 members of staff and managers at all levels, at four locations across the UK (England and Scotland), to support managers and staff into new roles across the UK and internationally, into self-employment (including interim and consultancy), into new business ventures, into retirement and into re-skilling.

Providing internal redeployment support on a project basis to teams facing the outsourcing of their functions to the Far East.Providing expertise to support members of staff and managers at all levels at one UK location to make better use of formal and informal internal networks, and to upgrade their personal networking skills to match the rich range of internal networking opportunities across the bank.

During the past ten years, the relationship has been characterised by significant changes within HDA's client, including significant business growth during just under a decade to 2007/8; notable for major international investment and retail banking acquisitions, (followed by inevitable periods of rationalisation and consolidation), major leadership adjustments, and, in recent years, various waves of back-office / technology resources outsourcing to the Far East; leading to a regular role redundancy cycle across the UK business, underpinned by strong attention to internal role redeployment, and KPIs requiring role redeployment levels above 75%, (ie. limiting job losses, retaining core expertise and minimising re-hiring costs).

Within this period, HDA has regularly been one of this investment bank’s top-ten EMEA (non-IT) consultancy providers.

In the current 2009 market characterised by recession-proofing activities, HDA’s client remains faithful to its objective of reducing redundancy-related job losses and maximising redeployment opportunities for impacted staff, though the current reality is that there are simply not as many internal roles available as there have been to come anywhere close to successfully redeploying the majority of staff whose roles no longer fit. At the same time, it is realistic to expect that the funding available to date for supporting leavers, may in the future (subject to market movement), be diverted to support internal HR projects, and in particular to support the career needs of people who remain within the organisation.

Rather than being complacent about a very valuable client relationship, HDA plans to support this key client with a range of ‘giving back to HR’ services as we move deeper into an uncertain economic period, with a view to leveraging our client’s HR team to develop internal coaching and career transition advisory support expertise.

Clayton Glen, HDA Director comments that “Any ten-year career transition consultancy support relationship requires close attention to professional key account management principles, underpinned by delivery excellence by the supplying organisation; together with highly flexible and timely responsiveness to client needs and circumstances as these are adjusted from time to time. We are delighted to have reached this milestone with this key account, and look forward to adding further value to our client in the coming years.’’ For more details about HDA, please visit our website http://www.hda.co.uk or call / email Sweta Patel on 020 7 484 5065 / sxp@hda.co.uk

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Contact: Susie Hood HDA Neston, Cheshire, CH64 9XF 020-7484-5065 susie.hood@clickconsult.com http://www.hda.co.uk

About HDA

HDA have been delivering quality accredited human capital consultancy services across all industries, including to the FTSE 500, to the Public Sector, to the not-for-profit sector, and to SMEs, for 30 years. They specialise in Talent Management, Employee Engagement, Executive Coaching / Leadership Development, and Career Transition, including large-scale Outplacement and Redeployment, Executive Career Reviews, Executive Career Coaching, and Early Retirement. They work across the UK and worldwide.

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Press Release Submitted On: May 29, 2009 at 4:03 am
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