HR in Recession

The financial crisis turned into the recession. For more than two decades we enjoyed almost constant economic growth and the knowledge of the initiatives for the recession almost disappeared.

Human Resources has to quickly react in the recession and HR has to bring several initiatives to save the organization from the bankruptcy. HR added costs to the organization for many years and it has to show the potential to make huge cost cuts to adapt the organization and employees to the changed conditions on the market.

Human Resources in Recession has to work with the managers to allow them to fulfill their managerial duties with no additional costs and quickly. HR in Recession has to be quick and it has to be a trustful partner.