Business Restructuring: specialist expertise and guidance you can trust

Mercer has a wealth of experience and expertise to guide organisations contemplating a redundancy exercise. We are uniquely positioned to work with you from the outset, providing advice and tools across the full spectrum of issues. Our restructuring services are designed to ease the workload of the HR team and to provide the specific skills and expertise needed to help your business.

How Mercer can help 

Business restructuring and redundancy programmes can happen for a variety of reasons as organisations adapt to meet the changing needs of a dynamic marketplace.

Our expert consultants can advise on a range of topics including:

  • Eligibility Conditions

  • Calculations Methods

  • Funding Considerations for DB Schemes

  • Employee Engagement and Supports

  • Extension of Employee Benefits

Calculations

We have a team of specialists who have extensive expertise in calculating redundancy payments and tax exemptions for a restructuring exercise.

Mercer can calculate:

  • Statutory redundancy entitlements
  • Ex-gratia payments
  • Tax exemptions
  • Actuarial values of tax-free cash

For organisations who have a defined benefit pension plan, it may also be necessary to calculate the potential impact on the funding position of the pension plan of any early retirements. For significant restructuring we can also advise on the impact on pension expenses being accounted for by the company.

Employee communications 

Navigating a company restructuring requires a well-thought-out communication strategy to ensure clarity, transparency, and employee trust.  As part of our restructuring service, we provide the following: 
  • Explanatory Booklet

    Explains the specific details of the package and provides guidance on what employees need to do - this is a useful tool for employees and your HR team. 
  • FAQs

    Education document which answers questions typically raised by employees. 
  • Statements

    Severance statements, pension statements. 
  • Presentations

    On-site or virtual presentations to give an overview of the severance package and the related pension decisions, presented by a Mercer consultant who has knowledge of your pension scheme and severance package. 
  • Financial Planning

    We can give employees general advice on how best to manage their finances post redundancy.
  • Helpline Service

    Useful for questions at the outset and follow up queries. 
  • One-to-ones

    Allows employees to raise questions on their severance package or pension before making a final decision. This removes a large burden from the HR team. Mercer’s specialist team of qualified financial advisers are available to guide members on their severance statement and explain the tax and pension implications of each option to allow them make an informed decision.

Additional Supports

Mercer also provides consultancy support on pension issues during redundancy including employers’ obligations, employees’ options, reckonable service and other possible legislative and/or regulatory issues. Mercer provides support for alternatives to redundancy and their impact on pension, such as, pay reduction, reduction of working hours, temporary closure, freezing pensionable salary.
No matter what stage of a restructuring exercise you are at, we have a range of services that can help. For further information, you can contact your local Mercer consultant.

Related Solutions

    We're here to help

    Get started today. Speak to a consultant.