The Role of HR in Times of Recession waldenburg international college


The signs of economic recession are everywhere: layoffs, cost cutting schemes, buyouts, bailouts, mergers. But aside from these drastic measures, inside a company there is the need to adjust the management of HR during financial recession. HR professionals need to play an even bigger role during tough times than during periods of prosperity and growth. In cooperation with management and the leaders within the organization, the HR department has to implement sound, consistent strategies to help everyone get through the recession "lows".



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