TACKLING THE ECONOMIC CRISIS - HAS HR LEARNED FROM THE PAST?
23.11.2009Company: Amcham
RESULTS OF THE HUDSON RESEARCH FROM THE FIRST HALF OF 2009
Current situation on the market, which started in the end of last year, had an impact on most companies and
caused a rise in unemployment rate to 8.6%. The end of the third quarter is a period when many companies begin to plan their budgets for the next year, and our researches indicated a number of very important issues that companies might consider in the context of planning their budgets in the area of HR.
In March and April 2009, Hudson conducted a survey of over 500 HR and business leaders in more than 30 countries worldwide to explore how HR priorities and challenges have changed during the global economic
downturn. That study indicates that during this current economic crisis, the focus is not only on cost cutting
through right-sizing, but also on talent engagement, talent development, and the retention of talent key to the
organisation success.
Global survey has shown us the perspective of the organization, but in order to obtain a full picture of the
situation, we decided to confront it with the perspective of employees. Hudson has examined more than 900
people in 5 countries of Central-Eastern Europe, in order to learn their perspective towards recent market
changes. The study partially confirms results of HR survey, gives an interesting comment, and points out a slight
discrepancy between the declarations of employers and their actual activities.
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