HRM Advice has a new section about the impact of the recession on Human Resources. The section will constantly grow, as the number of companies has to deal with the negative impact of the recession on the human capital.
Go to HRM and Recession to find more.
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The recession can be a very interesting period for the HRM Function. The HRM Professionals can design, develop and implement a lot of new HRM Processes in the recession, which are simple and really efficient. But they need to have a clear vision of the HRM behavior in the recession to be really successful.
The headcount in the organization is the first thing to review, when the recession comes. Good HRM Function has a lot of historical data and has time to prepare the internal headcount (FTE) analysis and to have a broader discussion of the FTE development in the HRM Management Team. The recession makes the FTE development [...]
The HRM Function should be ready for the recession, which comes from time to time. The HRM Function should be always very careful about the costs added to the organization as cost cutting always hurt. The HRM Function has always to predict, the recession will come and the nice initiatives can be then very painful [...]
The recession is a good opportunity for the talent management. The top management sees the opportunity in building the stronger organization for the future and the top management can see the talent management as a top priority.
The leadership is easier in difficult time. It is true as the people look for the lighthouse to be followed. The leaders have to demonstrate their willingness to overcome any potential risk, danger and difficult decision.
The bonus scheme are usually seen as the best motivational tool. Generally, it is true, when the economony and the organization grows. The employees get nice bonuses and they expect higher bonuses every year. The economic crisis changes the picture. The employees have to be prepared to get smaller bonuses, but they are not ready [...]
