ray of hope in recession for human resources
DESCRIPTION
Human resources department needs to stay positive at the time of recession and focus on the things which can put the business back on track.TRANSCRIPT
for Human Resources
The Ray of Hope in the
Recession
the thankless job of laying off people, because the business can no longer afford to pay them
HR has been ordered to trim:
o Salary Packages
o Incentives
o Benefits
which used to be in demand when the economy was flourishing
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Introduction
For the HR department the recession can only mean
HR is the bad guy
Need to stay positive
Who else? Employees will blame…
The HR department
Determination to find ways out of the
recession and move into a new era may
be the beginning of a whole new global
environment
We need to put an end to this recession
Hope 1: A Determined Leadership
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Political Leadership
Business Leadership
Improve existing business practices
And to
Improved global business culture
More control over plans and strategies
More financial transparency
The recession will result in new ideas to bring:
Better management practices
have triggered new
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Hope 2: New Thoughts on Management
Past failures
Current failures Ideas
Thoughts
Hope 3: Emergence of New Leaders and Think Tanks
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Recession
Change in the power of various schools of thought
Freethinkers Consistent Performers
Rise of Innovative Thinkers
Before
After
Championed unrestrained freedom
Were thought to lack vision
Stumbled and fell Proved to be consistent and
in control – are the new drivers of change
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Hope 4: History of Men D
am
ag
e d
on
e
Event
World War I (1914-1918)
The Great Depression
(1929 – early ‘40s)
World War II (1939 – 1945)
The Great Recession (2007 - )
Not to scale
After all the others, this is a small hurdle to overcome
Hope 5: New Developments in Technology
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Wheels
Motorized Ships
Steam Engine
HR Technology
Long distances became short
Distances between countries became short
Distances between continents became short
Technology is growing at a pace like never before
New performance tools can make a
in facing challenges
Thank You
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