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§ Strategic initiatives to increase the productivity and efficiency of the whole organization

§ Redesign of the compensation scheme

§ Cancellation of several benefit schemes

On the other hand the HRM Function has to find innovative solutions for the following topics:

§ Identifying the real key employees and to keep them in the organization

§ Identifying the real top potentials and to strengthen their development program

The second two topics have to be done with the minimum additional costs and it is a really hard task to accomplish. The HRM Function has to have priorities in mind and the strategic impact of the HRM Innovations in the recession time. The role of the HRM Function is not to cut the costs for the time being, but to make the organization stronger and ready for the future growth.

As a leader and strategic partner in your organization, you have the tools to assist your company in surviving and thriving through these difficult times. First you need to start thinking strategically…

How can the organization make effective and economical changes that will help through these difficult times?

What can I do to minimize our organization's risk for fines, violations and/or unnecessary legal proceedings?

Following area should be looked upon:

The point has to be focused by HR management during recession are as follows:

To optimize the manpower strength.

To take strategic initiatives to increase the productivity and efficiency of the entire organization.

To work on compensation benefits.

Redesign training and development programs.

Ensure your organization's policies and handbooks are up to date. Remember that an annual review of your employee handbook for compliance by an experienced professional is highly recommended. Also, each employee having a copy of the employe本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。