Tag Archives: recession

Apr 26

Evolution of ERPs: Driving Business Value through Integrated Talent Management

Posted on by

While effective talent management has always been a key differentiator for successful businesses, the recession forced everyone to reexamine both their internal processes and how best to invest resources in order to maximize strategic growth. Today, the need for cost-cutting and a focus on workforce efficiency are still very much a reality for most companies, while continuing to try and prepare for tomorrow. HR organizations that still silo their talent management process and tools will find they are not only engaging in massive duplication of efforts with regard to data collection and analysis, but are also needlessly limiting their ability to meet the future “talent” needs of their organization. Request Free!

Continue reading →

Oct 03

Talent Acquisition Strategies 2009: Cutting through the Clutter and Proactively Managing Quality Candidates

Posted on by

Increase Quality of Candidate Boost First Year Retention Measure Quality of Hire This report reveals how companies that look opportunistically at this recession by nurturing the talent prospect pools, and bringing on board quality new hires, are achieving greater operational efficiencies and are positioning to scale quickly and thrive once the economy turns positive. Request Free!

Continue reading →

Mar 10

Augmenting Your Professional Income – #1 Sell our products

Posted on by

The economic difficulties are challenging everyone to find new revenue streams, and this is no less the case with trainers, consultants, HR professionals, and a variety of other professionals. Single revenue stream businesses are suffering even more than multiple revenue stream based businesses.

We’ve always tried, as a business strategy, to develop income from various sources — training, consulting, speaking engagements, keynotes, and also from publishing, writing, and creating learning materials. That strategy has kept us afloat so far in these tough economic times.

Continue reading →

Feb 26

Performance evaluations in hard times – What to do.

Posted on by

A poster on trdev-l asked about how to handle performance evaluations when the company will not be offering pay raises due to the recession. Here’s my response

Good question. I know this has come up in other places. I think that if you have been stressing that the major reason for evaluations is to determine raises,then basically you are screwed, because both
managers and employees will balk, and the latter will almost certainly see evaluations as hypocritical and fake.

Continue reading →

Feb 24

If you run a training business…dealing with the slow economy

Posted on by

If you run a training or consulting business and have been watching your income erode over the last months, no doubt you are feeling pressure. We all are. It’s good to consider that the poor economy isn’t going to last forever, and that you have options,particularly if you have enough financial strength to that you can ignore current lower revenue, and build for increased revenue when things improve.

It is an ideal time, particularly if you have less work, to start looking at new product/service lines. Introducing innovative products and services can place you way ahead of the game come the recovery. So build your “infrastructure” for the long term.

Continue reading →