Running head : HRM DURING RECESSIONHRM During RecessionNameUniversityDateHRM During RecessionHuman Resource management is about the military rank of labor and giving due credit to the tangible and intangible asset contributions of a workforce Successful Human Resource Management is about the recognition of the invaluable contribution of each unmarried employee and striving to create an environment that would only encourage their consignment and productiveness . The recent slowdown of the economy has removed the cerebration of successful human resource management and has replaced it simply with the br idea of survival . As such , employees set out been regarded as commodities replaceable , substitutable versus what they atomic number 18 - investmentsIn The Big Squeeze on Workers , Luthans (2006 ) highlights the current state of employment in times of frugal slowdown and brings to fore the imbalance of power created by the economical recession .
At present employers are forced to gist to lay-offs and downsizing because the economic demand does not rationalize a bigger workforce or caller-up profitability does not allow it . This is of course to balance demand and supply . As a result employees need to hunch down , record in more work hours and struggle for increased productivity . They do so first , ensure the profitability of the company and second , to protect their job security People are simply scared of losing their jobs . Because employment is at threat employers have better bargaining power , giving them the ability to cheapen the idea of successful human resource management . however in the same line of balance , when the...If you want to squeeze a full essay, order it on our website: Ordercustompaper.com
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