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human resource china|human resource role:The Role of Human Resource Development in the Age of Economic Recession 1. The strategic importance of human resource development In times of crisis, it is reasonable to choose to cut labor costs. But the organization should retain talent in order to conduct business when the economic recover. If the enterprise does not retain the best people in the crisis, there will be talent shortage after economic recovery, and the company will miss opportunities for enterprise development. It is worth mentioning that there are still enterprises to increase the training budget. This is because some companies want to use the crisis period of the internal management to enhance staff capacity-building and to reserve talent capacity for the upcoming economic recovery. 2. Challenges for human resource development in the age of economic turndown In retrospect, because of the economic downturn appropriate human resource policies have left an indelible mark for businesses and individuals. For enterprises, although effective control of labor costs achieve a reasonable phase-out and strengthen the concept of performance-oriented paid, identify the drive to enhance the performance of the dark horse, improve loyalty, but enterprises must bear the loss of talent, injury of the corporate culture, damage to corporate rand, increase costs of future recruitment and training. For individual employees, it happened during the crisis that employees begin to assess the individual value to the company, recognize the value of diverse skills, and start thinking about how individuals can create value for the company. However, damage to further development will enhance the sense of crisis, the loyalty to the enterprise will decline. Enterprises will face the possible shortage of key talent in economy turndown. It is reported that 30% of employers said can not find the right people to fill vacancies. Loss of key personnel during the crisis makes it inevitable of core talent shortage.#p#分页标题#e# 3. Human resource development offers an opportunity of further development for enterprise in the age of economic turndown. Training is the method for enterprises to improve the efficiency of business operations and enhance cold tolerance. But in 2008, so many companies feel the cold of winter, spending nearly half of companies included the training of manpower into one area of expenses cut, of which 76% of the enterprises consider external training as the need to reconsider the cost of field compression (according to Mercer in 2008) Training costs were reduced does not mean the reduction of needs of training. Companies can change the training focus from external training institutions to entrust to provide services within the company. Mining training forces inside the company, in the case of lower costs, and ensure quality and effectiveness of training. The internal training programme cultivating internal trainer, can on the one hand help the enterprises to encourage more senior employees specialize in their own work and better to meet the actual situation of enterprises in the knowledge transformation; on the other hand, it is also conducive to reduce business training costs and improve efficiency of training. Focus on management by objectives to attract outstanding talent. In period of economic volatility, cash flow is tight, most enterprises take emergency measures to reduce cost, however, this is also time to enhance the quality of employees. Therefore, this is the best time to establish echelon personnel. Now the U.S. face financial crisis, many international financial institutions and High-Tech industry are busy to layoffs to tackle the crisis, which happens to offer opportunities for Chinese domestic enterprises and organizations to provide a great opportunity to compete for top talent. Talents are often value prospects for future development of enterprises. To this end, human resource managers are expected to use goals and pattern of business development to attract enterprising talents. By introducing the exciting corporate vision, mission, values and future years of development planning and implementation of the program and giving space for the common development of talent, to encourage talented people to join the ranks of the common development of enterprises. Through expectation management, enterprise creates conditions to help talented people achieve and exceed their personal career development goals and reflect their personal values.#p#分页标题#e# The crisis is not all negative. On the one hand, enterprises take advantage of bad times for external market environment and save a relatively ample time to provide internal training for staff to enhance skills. On the other hand, the crisis has tested the workforce, making a real talented outstanding talent. Since the financial crisis, as corporate stop the policy of promotion, so some outstanding talent in the market looking for new opportunities, which also provide an opportunity for other companies to attract talent. Conclusion
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