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Each performs a unique function – the finance department crunches numbers; marketing creates digital campaigns; sales tries to close deals, etc. For example, marketing needs finance to fund the software to create and promote their digital campaigns. A similar fate awaits companies using disparate HR technology systems.
Layoffs reduce the trust in hard work, education and skills upgradation to achieve a better life. In addition, Stephen Mihm , an economic historian, believes these layoffs mark a revival of long-discredited corporatestrategies. “If The payrollmanager. The attendance reconciler. The rangoli maker. The trip planner.
“Now, more than ever, the corporatestrategy for large companies hinges on the people strategy.”. But… people strategy today involves much tougher choices and tradeoffs. It may actually drive the business strategy as much as business strategy drives it.”. There are 2 reasons: 1.
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