The recession is about the creative Human Resources Management. The HRM Function is asked to bring new ideas, to change the HRM Processes and to develop or change the procedures. And this effort has to be cheap or it has to cut the costs of the organization. The HRM Innovation is easy in times of the business growth, but the recession is not good for big innovative HRM Initiatives.
The HR Management has to focus on unpopular innovations during the recession as the role of HR during the recession is to save money to the organization. The senior management expects all the support functions to bring innovative ideas and solutions which will lead to stronger organization, when the next growth era comes.
The point has to be focused by HR management during recession are as follows:
-To optimize the manpower strength.
-To take strategic initiatives to increase the productivity and efficiency of the entire organization.
-To work on compensation benefits.
-Redesign training and development programs.
On the other hand the HR Management has to find some innovative solutions during the recession like,
-To identify the real key employees and to intact them in the organization
-To identify the real top potentials and to strengthen their development program
The HR Management has to have priorities in mind and the strategic impact of the HRM Innovations in the recession time. The role of the HR Management is not to minimize the costs for the time being, but to make the organization stronger and ready for the future growth.
How to intact your employee during recession?
Here is how to keep your employees with you and away from your competitors during tough economic times.
-Differentiate Between Your Good and Average Employees
-Redirect Your Employees to Other Departments (Job Rotation)
-Listen To Your Employees
-Keep Them Motivated and Busy (Communicate-Communicate and Communicate)
-Show them the long term vision
The above steps will enable the employer to hold its team together during a recession, and will even make bond between all of you stronger. Employees should be motivated enough to stick to the employer during tough times and put in the extra effort required for the organization growth.***