RICS staff brace for mass redundancies in coming weeks – London Wallet

Up to 100 jobs are at risk at the Royal Institution of Chartered Surveyors (RICS), which has started a 30-day redundancy consultation with staff as part of a wholesale review of the organisation.

The restructuring process, being overseen by chief executive officer Justin Young, is expected to see up to 100 centralised roles cut.

It is understood that Young wants to put 50% more staff into the UK regions, at offices in Birmingham, Belfast, Cardiff and Edinburgh, and around the world, in accordance with Lord Michael Bichard’s review in to the organisation, which recommended that it “increase levels of devolution” while better supporting local branches.

A RICS spokesperson told EYE: “The consultation process RICS is undertaking is an important part of a comprehensive review of the organisation as we continue the journey to transform RICS. Our vision is focused on the principle of delivering exceptional experiences for our members. It includes regionalising roles across the organisation and reallocating resources to reflect our membership base.

“Our new operating model is a significant milestone and underpins our commitment to evolve RICS into a truly world-class professional membership organisation. It will make us even more accessible and relevant to all stakeholders, including governments and educational establishments, while ensuring we bring on board the right talent, expertise and experience.”

RICS employs 723 staff in total, 200 of them in the standards and regulation.