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Lessons from Great Depression

Innovation, early cost-cutting and investment in R&D are three common strategies of companies which emerged strongly from the Great Depression and from which companies can learn today. Companies such as GE, P&G, and IBM had common strategies during...

Published Tue, Jul 21 2009 8:19 PM by Lawyers Weekly

Filed under: human resources, recession, lessons from past, boston consulting group, depression

Indefinite freezes placed on new hires

Almost two thirds of HR managers have put hiring freezes in place as a key measure for managing through the economic downturn, recent research has found. A further 48 per cent will not replace staff as they leave and 45 per cent have redeployed staff...

Published Fri, Jun 5 2009 2:41 AM by Lawyers Weekly

Filed under: HR, downturn, redundancies, human resources, recession, hiring freezes, recruitment freezes, employer trends

Salaries: calm after the storm

Salaries reached a plateau during the past financial year in an unsurprising contrast to the continual increases of recent years, a recent salary survey has found. "Given the global economic downturn the local climate has cooled in no uncertain terms...

Published Fri, Jun 5 2009 2:35 AM by Lawyers Weekly

Filed under: downturn, recession, salary trends, salary surveys, jobs market, salary

Top tips for HR in the downturn

HR leaders can play a key role in facilitating the necessary mindset change and the actions that can guide their organisations through the recession, according to a Hewitt report. The report, HR's Ten Point Plan in Response to the Economic Crisis...

Published Fri, Jun 5 2009 2:24 AM by Lawyers Weekly

Filed under: HR, downturn, talent management, strategy, human resources, recession, talent, hiring

Recruitment a battle of the boldest in tough times

Recruiters who fail to be bold and "explode out of the box" in tight economic times could be missing out on vital opportunities to thrive as competitors hesitate during the lull, according to HR expert John Sullivan. He encouraged recruitment...

Published Fri, May 29 2009 2:16 AM by Lawyers Weekly

Filed under: downturn, recruitment, strategy, recession, hiring, attraction, hr strategy, recruitment strategies

Best and worst business practices to adopt in a recession

Businesses that are handling the economic crisis well tend to take a longer-term approach to thinking, communicate well with their staff and genuinely try to find win/win solutions for both the business and employees. A recent survey of senior executives...

Published Fri, May 22 2009 3:27 AM by Lawyers Weekly

Filed under: downturn, communication, recession, best practice, good practice, business practices, global financial crisis, staff management

Combat-ready workforce key to survival

Creating a "combat-ready" workforce is the best strategy for survival in the current economic climate, according to a white paper released on Monday. It outlines the talent management challenge that businesses will encounter in 2009, and advises...

Published Tue, May 19 2009 3:53 AM by Lawyers Weekly

Filed under: HR, downturn, talent management, recruitment, human resources, recession, attraction, attrition

New generation of employee engagement required in recession

Australian companies faced with mounting pressure to cut costs in the face of a recession should consider new ways to enhance employee engagement as a more proactive and less disruptive way to improve organisational performance, according to Hay Group...

Published Tue, May 19 2009 2:20 AM by Lawyers Weekly

Filed under: HR, downturn, engagement, improving engagement, productivity, morale, employee engagement, strategy, business, recession, next generation

HR to act as moral guardian in tough times

Employee welfare is back on the HR agenda alongside the economic downturn, and HR has a role to play in ensuring that organisations, individual managers and staff are held to account for upholding behaviours that go beyond a simple transactional relationship...

Published Tue, May 19 2009 2:19 AM by Lawyers Weekly

Filed under: HR, downturn, redundancies, human resources, recession, morality, psychological contract, conscience, values, employee contract

Put HR metrics in place now

The economic downturn has created a window of opportunity for organisations to put in place relevant HR metrics, according to a recent report from the Bernard Hodes Group. Installing relevant metrics into talent processes can be difficult when business...

Published Tue, May 12 2009 12:22 AM by Lawyers Weekly

Filed under: HR, downturn, talent management, return on investment, strategy, recession, roi, measurement, data, metrics

HR must be prepared to push back on redundancies

HR leaders must be prepared to push back against redundancies if the emphasis on financial outcomes goes against future organisational readiness, according to John Boudreau, professor of management at the Marshall School of Business. Traditionally, he...

Published Tue, May 12 2009 12:19 AM by Lawyers Weekly

Filed under: HR, management, downturn, talent management, development, leadership, recession, sustainability, future of HR, profession

HR job market plummets

HR has been one of the hardest hit professions as a result of the economic downturn, with HR job ads falling by 67 per cent in the last 12 months, according to the Olivier Job Index. "HR professionals find themselves in the middle of all the turmoil...

Published Thu, May 7 2009 8:27 PM by Lawyers Weekly

Filed under: downturn, layoffs, recruitment, human resources, employment trends, recession, hiring, HR employment, hr jobs

How to keep employees engaged and productive in a downturn

Ensuring that employees are engaged is crucial to keeping workplace morale and productivity high as the economic downturn continues, a recent report has found. Highly engaged employees are almost 80 per cent more likely to be top performers, while they...

Published Tue, May 5 2009 11:22 PM by Lawyers Weekly

Filed under: HR, downturn, engagement, productivity, talent management, morale, employee engagement, human resources, performance, recession

Change the only constant for employers

More than half of Australian employers anticipate they will need to restructure or reorganise their operations this year, according to a recent report. It found that 50 per cent of those who indicated a need for restructuring cited changes in the external...

Published Thu, Apr 30 2009 3:29 AM by Lawyers Weekly

Filed under: management, downturn, communication, recession, restructures, restructuring, best practice, GFC, planning

Employers sidestep consultation in alternative working arrangements

With an increasing number of businesses considering the option of implementing varied working arrangements for employees in the current economic downturn, they must consider the importance of seeking consent from staff to avoid breach of contract claims...

Published Thu, Apr 30 2009 3:27 AM by Lawyers Weekly

Filed under: downturn, solutions, recession, steps, flexible working arrangements, alternative working arrangements, process, consent

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