HR Strategy Essay Example | Topics and Well Written Essays - 5000 words

HR Strategy - Essay ExampleIt meant laying off part of the work force, sometimes indiscriminately as far as the employees functions were concerned, amounting to a hermorrhage of critical talent the company sorely postulate to recover.This time around, during the financial crisis of 2007 and the subsequent recession, human resources managers are approaching their task of rationalizing their companys custody with a greater view towards the subsequent repercussions. This paper shall examine how human resources planning, flexibility, and recruitment take rear end in the context of an economic recession.According to Goss, recessions and trade crises enhance the challenges of the international competitive environment. Emphasis in planning shifted to survival mode and generally aimed at coping, resuting in downsizing, finding greater efficiencies, building twiglike and fitter organizations. It meant lay-offs, rethinking production processes and rationalizing them, and improving manageri al control mechanisms. Industries undergo a shake-out where some leading companies, because they were debt-ridden, exceed out, new leaders (usually those less leveraged and more cash-rich) emerge, and the fittest who survive move up. Emphasis was placed on appraise in all expenditures.Clements reported on the result of a recent survey conducted among HR managers, directors and professionals. roughly firms saw opportunity in the crisis situation, and aimed not only at coping but in taking advantage of the situation to restructure and consolidate for the eventual recovery which is sure to happen sooner or later. Organizations in general became flatter, with emphasis placed on flexibility, adaptiveness and change, decentralization and devolution of responsibility to cost and sugar centres, and a hard look at the strengths and weaknesses that impacted upon the effectiveness of the organization. Management of people tended towards greater liaison and commitment,