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
OI Partners requests your participation in a brief human resource issues survey that follows. We will publish results in the next newsletter. If you would like an advance copy of the results, contact us at email@ekward.com or copy and paste "Please send me an advance copy of the survey results" in the box below. Thank you! 1. When the economy improves, is your organization planning to rehire any employees it has recently displaced for nonperformance reasons? Yes No Not sure 2. In the past, has your organization rehired employees it displaced for nonperformance reasons? Frequently Occasionally Rarely Never 3. Has your organization's attitude toward rehiring employees it displaced for nonperformance reasons changed in the past 5 years? Yes No Don't know 4. Why would your organization rehire employees it has displaced? Choose all responses that apply. Their skills and abilities are known to us They fit into our culture and environment It would be less risky than hiring new employees There is a shortage of good management employees There is a shortage of good speciality area experts If you do not receive a confirmation page after clicking submit, please click here.	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, Lateyfa Ali President and General Manager E. K. Ward & Associates   an OI Partner 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.

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