The HRM Managers have to understand the HRM Cost Base, mainly in the time, when the top management requests some cost cuts to prepare the organization for the recession. When the HR Managers have no clear idea about the structure of the HRM Costs and their foundation, they can make cuts, which are dangerous for [...]
Tag Archives: cost cutting
Understanding HRM Cost Base
December 24, 2008 – 2:31 pm
Cost Cutting in HRM
December 23, 2008 – 5:19 pm
The HRM Function has a huge impact on the costs of the organization and it can be a significant issue in the recession. The HRM Function does not control just the personnel expenses, but it is responsible for the training costs as well. The recruitment costs can make a huge part of the consulting services [...]
