Saturday, January 24, 2009

HR Strategies to be Adopted during Recession

1. There may be painstaking layoffs to be done. At that time it is required that the management keeps its communication open to avoid the effect of grapevine on the morale of the employees.

2. After painful layoffs the Morale of the employees may be at historical lows, so plans should be made to keep the morale of the residual team on a high. One solution which may work here is to go in for temporary layoffs with a promise to hire as soon as the good times return.

3. Days off ( Like 4 days week ) may also help to tide the recessionary months or years.

4. Pay and perks cut and performance based variable pay may help to a large extent.

1 comment:

mberenis said...

Thanks for sharing this blog. I really like the way you lay it out, the colors, and the content. Please check out Top 3 Recession Grants and let me know what you think!

Top 3 Recession Grants

Students, Citizens, Immigrants