The recession makes the organizations to struggle. But on the other hand, the recession is an opportunity to introduce dramatic changes and innovations into our daily business life.
The Human Resources has no easy life. The HRM Function monitors the organization, its health and it sees the signs of getting into unhealthy state during the economic growth. The recession raises the urgent need to put the patient into the healthy shape again, the company needs to lose some fat and to do some jogging to react to the external world quickly again. The recession is the opportunity for Human Resources to change and innovate the organization again.
The HRM Function monitors the numbers of the organization and usually the HR Professionals have the access to the external HR Benchmarks and they provide the top management with the comparative analysis in the field of the Human Resources.
As the economic growth generates a lot of the additional income and sales volumes to the company, no member of the top management desires to introduce the unpopular solutions leading to decreased growth of the sales and potential danger to the net income of the organization.
The recession will sort the HRM Functions. One group of the HRM Function was prepared for the recession and it is their opportunity and they are able to push new initiatives and changes. The second group is asked by the top management to make the analyses they are waiting for.
Even now, the HRM Function can prepare the proposal, which are provocative and revolutionary for the organization. The HRM Function has to co-operate closely with Finance to identify the gaps and the potential opportunities to fill the gaps and to put the organization back to healthy shape.
The recession increases the courage of the top management to implement the changes as they see clear benefits from the changes to be implemented. The employees are willing to accept the changes and the HRM Function has a unique opportunity to become one of the winners. The recession will not last forever.
