The Impact of the Economic Recession on HR
Talent 2 and Ipsos recently joined forces to survey senior HR professionals about how the global recession is affecting their organisations and their people management strategies and practices.
The research highlights the difficulties facing HR in the current environment. Most corporate HR departments are freezing or decreasing their annual budgets and there is an enhanced need for HR leaders to focus on the urgent business critical initiatives.
However the survey also reveals the key role HR has to play in driving organisational performance. Now more than ever before, HR needs to show itself to be about more than making redundancies by helping the organisation to reduce costs and improve efficiency and performance.
Organisations that intelligently manage talent and communicate with employees honestly, accurately and at the right time will ride the current turbulence and be successful in the future.
