HRreview Header

Recession affecting HR strategy

-

HR strategy will have to adapt as the recession takes its toll on the UK workforce.

That is the conclusion of a study undertaken by human resources consulting and outsourcing company, Hewitt Associates.

Some 77 per cent of those HR professionals questioned in the survey revealed that the economic crisis was having an effect on business results.

What’s more, 47 per cent said the recession would affect its company’s HR programme.

Commenting on the results of the study, Leonardo Sforza, head of EU affairs and research at Hewitt Associates and author of the study, said: "The results show that leading HR professionals are facing the downturn not just by scaling down employment, but also by thinking ahead to the ways they can help their organisation and its workforce to implement structural changes and to prepare them for economic recovery."

A third of those companies questioned were looking to make positive steps to help their company recover more quickly from the downturn.

Strategies adopted included hiring "top talent", persuing "targeted leadership development", plus considering the possibility of acquiring new businesses.

A quarter of companies admitted they were looking to review their compensation and benefit programmes.

Flexible working benefits have recently been endorsed by the Family and Parenting Institute.

Latest news

Turning Workforce Data into Real Insight: A practical session for HR leaders

HR teams are being asked to deliver greater impact with fewer resources. This practical session is designed to help you move beyond instinct and start using workforce data to make faster, smarter decisions that drive real business results.

Bethany Cann of Specsavers

A working day balancing early talent strategy, university partnerships and family life at the international opticians retailer.

Workplace silence leaving staff afraid to raise mistakes

Almost half of UK workers feel unable to raise concerns or mistakes at work, with new research warning that workplace silence is damaging productivity.

Managers’ biggest fears? ‘Confrontation and redundancies’

Survey of UK managers reveals fear of confrontation and redundancies, with many lacking training to handle difficult workplace situations.
- Advertisement -

Mike Bond: Redefining talent – and prioritising the creative mindset

Not too long ago, the most prized CVs boasted MBAs, consulting pedigrees and an impressive record of traditional experience. Now, things are different.

UK loses ground in global remote work rankings

Connectivity gaps across the UK risk weakening the country’s appeal to remote workers and internationally mobile talent.

Must read

Christine Husbands: How employers can provide mental health support in the workplace

These days, the subject of Mental health is frequently in the news, be it reporting the stretched NHS resources and long waiting lists or be it high-profile people sharing their stories or supporting awareness initiatives.

Kate Palmer: Why is nobody taking up shared parental leave?

Only just recently the TUC called for an overhaul of shared parental leave legislation in response to only 9,200 new parents taking shared parental leave in 2018, just one percent of those eligible to do so. Peninsula Associate Director of Advisory Kate Palmer discusses why is nobody taking up shared parental leave.
- Advertisement -

You might also likeRELATED
Recommended to you