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This month, our
newsletter highlights what is on everyone's mind... the current economic
turmoil and how businesses and their employees are
affected. HR professionals have a unique opportunity to
position themselves as knowledgeable, supportive business partners
who can steer the organization towards lessening the impact
(e.g., sharpening talent management strategies and optimizing the
organization's workforce) while being a resource for addressing
employee concerns in thoughtful, focused ways (e.g., helping
employees understand how they can add additional
value).
Yes, these are
challenging times but they also represent great opportunities for
dynamic and impactful HR leadership. Are you ready?
It is a pleasure to
share our thoughts with you. If you would like more
information on how to best meet your HR challenges, please
contact us at (716) 626-1188 or via email at email@ekward.com.
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Human Resources
leadership in organizations going through a crisis is always a
challenge. Management seeks HR's ability to help manage
difficult communications, retain essential talent and maintain
morale. This newsletter contains a case study from an HR
leader whose company was going through a major crisis, comments
from a leading HR search consultant, and other articles
discussing the challenges to HR. It is during these
challenges that HR really brings its expertise to the fore.
Sincerely,
Lateyfa Ali
E. K. Ward &
Associates
an OI Partner
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Leadership
in Troubled Times: Don't Waste the Crisis
The current
domestic and global economic crisis has everyone worried,
especially employees who may be unsure of their job security.
They want to help correct the situation and are willing to
modify the work or the culture. Develop a strong business
plan, manage the plan aggressively, and encourage employee
involvement. Let the employees help maximize the performance of
the organization.
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Managing
Human Capital in Turbulent Times: A Case Study from an HR
Survivor
In 2005, a
jury rendered a devastating verdict in a patent lawsuit that
forced Boston Communications Group, Inc. (bcgi) to face potential
bankruptcy. Employee faces-from the top down-were stunned,
frightened and filled with uncertainty. Today, companies
facing severe economic challenges are in a very similar
situation, but for different reasons. Here's a look into
how bcgi managed through a turbulent time.
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Is
the Leadership in Your Company in a Downturn Alongside the World
Economy?
In the face
of the emerging economic crisis, business leaders must remember
that any solution for surviving a crisis must include their
employees. Although the crisis eventually will pass,
people's memories about the way they were treated during tough
times can impact a business forever. Leaders must inspire,
motivate and reassure employees so they feel that they are in
this together.
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Corporate
Communications: Its Importance During an Economic Crisis
Corporate
Communications have evolved over years and so have their
potential and objective. The primary goal remains the same
- communicating information to employees, stockholders, media and
customers. Anticipating the uproar and acting accordingly
is the key to managing a crisis well. With a proper crisis
management framework in place, an organization can turn a crisis
into an advantage.
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