HR Strategy Essay Example | Topics and Well Written Essays - 5000 words

HR Strategy - Essay ExampleIt meant laying off part of the work force, sometimes indiscriminately as far as the employees functions were concerned, amounting to a hermorrhage of critical talent the company sorely needed to recover.This time around, during the financial crisis of 2007 and the subsequent recession, human resources managers are approaching their working class of rationalizing their companys workforce with a greater view towards the subsequent repercussions. This paper shall examine how human resources planning, flexibility, and recruitment take place in the circumstance of an economic recession.According to Goss, recessions and trade crises enhance the challenges of the international competitive environment. Emphasis in planning shifted to survival mode and generally aimed at coping, resuting in downsizing, determination greater efficiencies, building leaner and fitter organizations. It meant lay-offs, rethinking production processes and rationalizing them, and impro ving managerial control mechanisms. Industries undergo a shake-out where some leading companies, because they were debt-ridden, fall out, new leadership (usually those less leveraged and more cash-rich) emerge, and the fittest who survive move up. Emphasis was placed on value in all expenditures.Clements reported on the result of a new survey conducted among HR managers, directors and professionals. Some firms saw opportunity in the crisis home, and aimed not only at coping but in taking advantage of the situation to restructure and consolidate for the eventual recovery which is sure to happen sooner or later. Organizations in general became flatter, with emphasis placed on flexibility, adaptiveness and change, decentralization and devolvement of responsibility to cost and profit centres, and a hard look at the strengths and weaknesses that impacted upon the effectiveness of the organization. Management of people tended towards greater participation and commitment,