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 [...]
HRM has to act quickly in the economic crisis. As many organization fight for their survival and the credit crunch spreads all over the world, the HRM has to support the business in protecting the cash flow and to help to cut the overall operational costs of the organization.
The recession brings a huge pressure on the HRM and the costs for the organization. The HRM has to change its focus quickly – from designing and implementing nice policies and initiatives focused on the employee satisfaction to the initiatives focused on the unpopular cost cutting activities. The recession needs a completely different approach from [...]
The market and economic news are not optimistic today. When you do the HR Management in the big global bank you can be worried about your best employees as everyone wants to discuss what is in the accounting books. The HR Management Employees in other sector can keep calm… so far.
The modern HRM Models are based on the communication, HRM expertise and clear definition of the HR Roles and Responsibilities. As the modern HR Models are very complex, the communication can become very chaotic, when the roles and responsibilities in the HRM Function are not clearly described.
