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.
