The Declaration of the Presidential Jobs summit (October, 1998) outlined a Turnaround and Proactive Solutions Programme that aims, where possible to prevent job losses or a decline in employment. It seeks to actively manage retrenchments and reduce their effects on individuals, enterprises and local economics.
Productivity SA’s aim is to increase productivity levels in South Africa in order to help the economy to grow. The mandate of the Turnaround Solutions department of Productivity SA is to decrease the impact of job losses and or retain jobs by sustaining companies.
The programme is intended to provide technical assistance to different organizations and companies to increase productivity, profitability and service, as well as to save and retain the current jobs. Productivity SA is working with a network of independent consultants in the country to reach as many organizations as possible.
Productivity SA Turnaround Solutions objectives are as follows:
- Prevent job losses through turnaround solutions. This is reactionary intervention for companies in distress.
- It aims at lessening the social and economic impact on individuals, companies, regions and the national economy.
- Sustain existing jobs. As a proactive solution, Productivity SA also identifies companies’ not in distress and establishes collaborative structures between management and employees, called Future Forums.
Productivity SA capacitates Future Forums to establish early warning systems (EWS) and manage their problems proactively.
Productivity SA also ensures that all staff members are trained on basic business principles and company operations. Therefore to understand how they fit in the operational process and how their actions affect the entire conversion process.