The economic crisis raises the importance of HR Reporting as the top management needs the immediate information about the development of the organization. The HRM Function has to develop a quick status reports about the organization as the top management can quickly decide about the new initiatives to save costs.
Tag Archives: economic crisis
HR Responsibilities in Recession or Economic Crisis
December 18, 2008 – 9:04 pm
The recession is not about delegating the responsibilities to the lower levels of the management. The HR Responsibilities are usually centralized in the beginning of the recession to make sure the implementation of the decisions is consistent.
Bonus Schemes Troubles in Economic Crisis
October 6, 2008 – 8:22 pm
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 [...]
HRM Actions in Economic Crisis
October 5, 2008 – 9:39 am
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.
