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

Curtis Holmes: Payroll is the driver for employee engagement

Payroll has long been treated as a back-office necessity: essential, but not something that shapes culture or drives engagement. This no longer stands.

Labour market yet to show major AI impact on jobs, govt adviser says

A government economic adviser has challenged predictions of widespread AI-driven unemployment, arguing labour market data has yet to show disruption.

Young workers ‘pressured into signing NDAs after workplace injuries’

Workers say injuries are being hidden behind confidentiality agreements while financial pressures leave many afraid to challenge unsafe conditions.

CIPD recognises 30 HR leaders driving change across UK workplaces

The CIPD has unveiled its HR30 list for 2026, recognising senior people leaders whose work has delivered measurable impact across organisations and workforces.
- Advertisement -

Brits dream of being their own boss, but still cling to the monthly pay cheque, survey reveals

Britons say they like the idea of self-employment, but most still value the security and stability of traditional jobs.

AI Coaching Won’t Replace Managers. It Will Expose Coaching Debt.

As AI coaching expands, employers may gain a clearer view of where manager support is falling short.

Must read

Flexible working – are you making the most of your time?

Flexible working is a term that evokes idealistic images of funky firms happily supporting virtual working, with healthy team mates scattered across offices, homes and even beaches, merrily producing great results.

Richard Evens: Rise in workplace deaths acts as a stark reminder for employers

According to the latest figures released by the Health...
- Advertisement -

You might also likeRELATED
Recommended to you