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About Human Resource During Recession
This document summarizes an article that discusses the new dimensions of the human resource role during an economic recession. It notes that recessions pose unique challenges to HR departments as investments in human capital are less of a priority. It discusses how recessions impact key HR processes like recruitment, training, compensation, and benefits. It also outlines common approaches that companies take to restructure and cut costs during an economic downturn, such as layoffs, implementing hiring freezes and salary freezes, renegotiating supplier contracts, and selling assets.
Detailed Information
| Author: | ['Hira Ejaz Ahmed Shaikh'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 30 |
| Language: | English |
| Format: | |
| Price: | FREE |
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