Role of the HR Manager in the financial crisis

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Human Resources Management > Best Practices > Role of the HR Manager in the financial crisis

Role of the HR Manager in the financial crisis
Nokwazi Shongwe
What is the role of the HR Manager in this global financial crisis and has it changed in past years to now?
 

 
No Role for HR in the financial crisis
Ntirenganya
Human Resources are not considered much in this time because of the financial crisis.
 

 
Major Role of HR Manager in the Financial Crisis
Mfanelo Khoza
The financial crisis brings with it serious challenges in the workplace, among others, job uncertainty, lower stuff morale which result to poor performances, higher tensions between employers and employees and a general hostile working environment.
With all of the above, it is a duty of HR Managers to turn around all the above with applicable change management theories, crisis management theories and also motivational theories.
We should always remember that the role of human resources management functions in a workplace has drastically changed from a traditional HR, we are now looking at HR as core business partner, and as the people responsible of our core resources (PEOPLE), there is no way we can regard them less in the financial crisis.
 

 
Role of the HR Manager in the financial crisis
Imran Ramdani, SKM. CPHR.
I do not agree with Ntirengaya from Rwanda, and I agree with Khoza from SA. Yes, currently and in the future as HR Manager we should do as a business partner to BOD. There are very much ideas to support them to take business decision making, such as lead and drive the productivity improvement initiative, change management reorganization Design etc.
 

 
Role of HR in Financial Crunch
Akumar
In this competitive era and globalization, HR is strategic partner in the business and playing a major role in nurturing the human capital. HR, through its strategic vision controls the expenses and does not allow to over run the capex or revenue expenditure. The cost of human capital differs from industry to industry in accordance with its nature. In some of the services sectors, the cost of human resources is very high, hence controlling the cost and providing the best quality and controlling it helps in maintaining the liquidity. It is your people who are managing all the affairs, and managing people is one of key role and has a part and parcel of HR function. In light of the above, we can not deny the contribution of the HR function in the financial crisis.
 

 
Role of HR Manager in Financial Crisis
D P BABU, Strategy Consultant, India, Member
In micro analysis, a financial crisis occurs to an organization when the present value of its resources in toto are not meeting the present market value. Therefore the role of the HR manager in financial crisis is to devise ways and means in order to protect the organization's human resource value in the present market.
 

     
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