Human Resources management Essay Example | Topics and Well Written Essays - 2500 words

Human Resources management - Essay ExampleThis tough scotch reality in todays businesses is causing many HR professionals to re-examine existing HR policy and benefits structure in an effort to have it off cost reduction or enhance incentives-based HR programmes to muddle successfully through the economic turmoil. In difficult economic recessions, many business strategies watch for tangible, quantifiable problems and ignore softer issues such as employee engagement (Nielsen, 2009, p.13). This would tend to suggest that cost reduction issues and changes to internal operational strategy are often the counsel to combat negative outcomes stemming from tough economic conditions, somewhat obscuring less tangible needs such as creating a sense of belonging within the organisation, grammatical construction job security, and ensuring that employees maintain a positive sense of self-identity related to the organisational environment. This paper highlights what steps are available to conte mporary human resources professionals to gain competitive progress and improve workplace relationships during periods of difficult economic growth and where slow recovery seems to be on the HR agenda. The effects on actions of key stakeholders will to a fault be identified.A recent survey of 522 different HR managers identified that nearly all HR professionals believed their organisations had been negatively affected by the current fiscal environment (Khakti, 2009). At the strategic level, this creates considerable pressure by senior executive leadership to recognise areas of cost savings whilst also dealing with employee pattern related to areas of job security. In order to meet these business pressures, nearly 81 percent of todays HR managers have begun reviews of their bonus and benefits structures to make a new methodology which meets with both employee satisfaction and organisation-wide cost reduction. Since employees consistently rate benefits