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.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

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

Transgender staff excluded from single-sex toilets under new equality guidance

Transgender people must be excluded from single-sex toilets and changing rooms that correspond with their lived gender under updated...

Simon Coker: Closing the emotional gap – why AI in the workplace is as much a human challenge as a technological one

AI adoption is transforming how work gets done across every sector. But its deeper impact is less visible: it is reshaping how people feel about their work.

Employment tribunal delays stretch towards 2030 as lawyers warn system is nearing collapse

Employment tribunal hearings are being delayed for years as lawyers warn mounting backlogs are undermining workplace justice.

Keeping culture and purpose at the centre of a growing fintech

A fintech people leader explains how culture, wellbeing and purpose are being protected during rapid business growth.
- Advertisement -

Migrant worker with no right to work in UK wins discrimination case against employer

An employment tribunal has ruled that a migrant worker without the legal right to work in Britain can still pursue successful discrimination claims.

Government to replace some GP sick notes with return-to-work plans

Workers in four English regions will be directed towards personalised health and employment support as ministers test alternatives to GP-issued fit notes.

Must read

Chris Lorigan: How technology could make staff happier

Last year saw UK businesses hit by rising numbers of staff leaving their jobs voluntarily, writes Chris Lorigan, and many employers now face the prospect of more resignations and a hiring crunch.

Chris Welford: The Performance Problem – Part 1

Here we go again – the ritual of performance...
- Advertisement -

You might also likeRELATED
Recommended to you