Thursday, April 9, 2009

OI Partners Newsletter: Cost-Effective Talent Managment Solutions for a Tough Economy


Cost-Effective Talent Management Solutions for a Tough Economy

April 2009

In this issue:

Group Outplacement: How It Can Cost You Nothing
Navigating the New Talent Management Landscape
Challenging the Leadership Bench in Tough Times
Role of HR in Navigating the Economic Downturn
10 No-Cost Ways to Recognize Employees

In this market, decision makers can benefit from support in both career transition and talent development more than ever. You may currently be looking at reducing headcount or strengthening your talent bench to weather these tough times. In this month's newsletter, we offer several valuable articles that demonstrate ways to reduce expenses and and maximize the productivity of your talent and at the same time, enhance HR's value to the organization.

Sincerely,
Ronald F. Ennis, Ph.D., CMF
Jean Erickson Walker, Ed.D., CMF


OI Partners Newsletter: Cost-Effective Talent Management Solutions for a Tough Economy Summary

Group Outplacement: How It Can Cost You Nothing
For those who view outplacement--particularly group outplacement--as "high cost," envision the possibility that using group outplacement services could return money and perhaps even cost the company nothing. This short case study showcases how.

Navigating the New Talent Management Landscape
In a down economy, even the most seasoned executives and savviest hiring managers are known to default to knee-jerk, short-term cost-cutting measures, rather than long-term talent management strategies. Here are 5 ways your organization can capitalize on the unique opportunities that this economy has to offer.

Challenging the Leadership Bench in Tough Times
Organizations are faced with constant challenges ranging from job cuts to budget cuts to major changes in structure and delivery. One of the best things you can do to maintain the leadership pool in tough times is to use your company leaders above and beyond their current responsibilities. If the leadership pool is challenged with solving problems, especially with low or no budget, their training will continue.

Role of HR in Navigating the Economic Downturn
In an economic downturn, many HR pros immediately ban all recruitment, cut down on every training activity and much more. Though this may be the most common approach, does that also mean it's the most appropriate? Here are 10 tips for how HR can effectively respond in such times.


10 No-Cost Ways to Recognize Employees

One of the first places you will be asked to curtail expenses often affects the very people who keep your business going--employees. The manager who can balance the bottom line and effectively keep morale up will weather economic highs and lows well. Here are 10 no-cost ways to recognize employees.