A slumping economy affects employers and employees alike. Low consumer confidence and poor company performance are among the factors that can lead employers to cut their workforce and cause employees to feel uneasy about their job security. As an HR professional, you are responsible for finding ways to gain trust from employees and/or for terminating employees.
SHRM has compiled resources that can help you and your HR department lead your organization in tough economic times.
SHRM E-Learning SHRM E-Learning courses provide insight on HR challenges by leading thinkers in the HR profession. You can view all of the available programs by in the SHRM E-Learning course catalog. Among the programs of interest:
• Being Positive in a Negative World
• Rebuilding a World-Class Staffing Function
SHRM Book: Weathering Storms: Human Resources in Difficult Times
SHRM’s compilation of ideas and policies by leading HR professionals addressing the urgent consequences of the economic downturn.
SHRM Book: Responsible Restructuring
Author Wayne Cascio illustrates how it makes good business sense to restructure responsibly -- to avoid downsizing and instead regard employees as assets to be developed rather than costs to be cut.