Managing Employees During Crisis
Human Resource Management (HRM) plays a strategic role in the survival of an organization. In this time of global financial crisis, Human Resource (HR) managers must not only innovate but must also act as change agents, strategists, mentors, counselors and motivators. They must adopt a people-centered model of management instead of the go-get-them approach. The latter approach will not only push down the morale of your employees but it will also shove your talented workers from leaving your organization. Retaining the right employee is a crucial challenge for any HR manager. In the book of Jim Collins “Good to Great”, he does not agree with the old adage “People are your most important asset”. According to him, employees are not the most important asset of the company but the “right” employees are. In a troubled economic condition, HR managers must develop a strategy that will keep the most talented employees in your organization and at the same time, discourages the “not-so” talente...