Moving Forward

Has your company begun a recovery plan that will distinguish itself from its competitors as the economy rebounds? Think about it, if you continue to stay in a recessionary mode when the economy recovers you will be left behind. So how do you begin this process from contraction and cost savings? Here are some helpful hints that should be driven by the HR leader:

• Make sure you have the right managers in place, match your talent to jobs needed in recovery, if not recruit them;
• Make sure your products are in line with your customers needs; survey your customers, gut check the competition, and blind test your products;
• Begin to change the cost savings environment to a more risk tolerant culture. You need a more risk agile company during recovery;
• Place more emphasis on your employees and what they need. Remember without them you HAVE NOTHING;
• Adjust budgets especially in the IT sector so your systems are easy and intuitive to your customers. Drive more revenue from the web;
• Place an HR person on your product management assessment team, use that person as if he/she were a customer.

So where are you in the recovery spectrum?