News of mass layoffs is everywhere and you can start using the official R word” the recession in fact started in December 2007. But youve been here before if you experienced the economic downturns in 2000-2002, 1991-1993, and 1981-1983.
The significant talent management question then is: how does your organization adjust your talent management practices for success in a recessionary economy and in the following economic recovery?
Corporate actions in past recessions, especially around layoffs, left negative impressions of many corporate brands, and caused erosion in employee loyalty and productivity. Those lessons learned from past mistakes apply during these more transparent times.
But this recession may be different due to factors such as:
A more interconnected global economy.
Having to manage four generations at work.
Instant global communications which can impact an employer brand.
Ubiquitous technology for networking that gives top talent easy access to more employment choices.
More local and global virtual work.
The breadth of business sectors worldwide affected by the downturn.
Taleo Research and HCI will present new research findings and discuss the strategies to get through these times and position organizations to accelerate as the economy improves. Register for The Economic Impact on Talent Management webcast on Friday, December 12, 2008 / 12:00 noon – 1:00 p.m. ET.
