Some Reminders For Employers In Difficult Financial Times

Frank Roche, over at KnowHR, reminds employers the 10 Things HR Needs to Do in an Economic Downturn.  Here is a summary of Frank's points:

  • Get up, walk out of HR, and talk to the people running operations.
  • Fix your friggin sales comp once and for all.
  • Take a deep look at your performance management system.
  • Ask not what your company can do for HR, but what HR can do for your company.
  • Fell the deadwood.
  • Comfort the afflicted, and afflict the comfortable.
  • Listen to comp consultants who link metrics to company performance.
  • Let employees know what you know.
  • Pay lots of attention to your top talent.
  • Do something.

Click here to read the entire post.  Frank's final point, that employers need to "do something" is a good reminder that employers should not approach difficult periods without a plan.  When difficult decisions are made on the fly, that is when a company can expose itself to liability. 

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