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I’ve been managing people and budgets for over 20 years, and I was a CFO in 2008 when the recession hit and we had to drastically cut the company budget. When it comes to creating a communication plan for layoffs, it’s important to involve multiple stakeholders, including HR professionals, legal experts, and senior management.
That’s where outplacement services come in. In this article, we’ll explore how the outplacement industry has evolved with the future of work, shifting to a new virtual outplacement model, and what new challenges, technology, and opportunities that presents. Technology is changing the outplacement process rapidly.
As a humanresources professional, empathize with your employees as they undergo this difficult transition. This is what Nokia discovered firsthand in 2008, when a round of layoffs lead to protests and boycotts. An RIF can be difficult for any employee, but it can also take its toll on you, the humanresources executive.
As a humanresources professional, empathize with your employees as they undergo this difficult transition. This is what Nokia discovered firsthand in 2008, when a round of layoffs lead to protests and boycotts. An RIF can be difficult for any employee, but it can also take its toll on you, the humanresources executive.
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As an HR professional, you need to be versed in a myriad of workplace and HR topics. Steve Wynn, CEO of Wynn Resorts Limited, sums it up nicely: “Humanresources isn’t a thing we do. To get you started, we’ve rounded up a few of the best HR management books. . HR management books to add to your library.
Almost a decade later, the 2008 financial crisis hit. What are their contingency plans? Our content team created WFH policies and templates that could be used by HR departments and other business leaders. Be sure to meet regularly as an executive team and build consensus for how you plan to communicate with employees.
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