HR services need to deliver during one of the biggest challenges for many a year; the economic down-turn. There is a careful balance to be achieved in supporting employers and employees and in turn, keeping the business afloat.
Do you stop recruitment or manage the pipeline more carefully? The answer will be unique to every business, but if you stop recruiting you ideally need to look for internal talent and provide real opportunities for their development and growth. If you are downsizing, is it right to have the last in, first out approach? You should really do everything possible to retain talented staff. Last in, first out, is not a sensible option. There are many things to consider carefully. You may not appreciate the significance of every person working in your environment, but the affect of losing, just one, seemingly insignificant member of your team, can lead to huge financial loss. Don’t wait until they’re gone to find out how much you need them.
It is important to know what your staff deliver and how effective their delivery is. Think about what your business needs and exactly who can deliver it. Think about training more staff, so that you have wider resources to deliver your services. Remember, your employees are human and probably your most valuable resource. Moral may sometimes suffer during periods of change, but with good employee engagement, you will acquire the loyalty that is needed to succeed.
For so many businesses, HR is needed, not just for success, but for survival.