Now in technical words ,Productivity is computed by dividing average output per period by the total costs incurred or resources (capital, energy, material, personnel) consumed in that period.
Productivity is a critical determinant of cost and work efficient.
The global recession is demanding a great deal of workers worldwide. The practiceof doing "more with less" has become the modus operandi of most businesses and business areas, perhaps nowhere more so than in HR divisions.Human resources is expected to play a leading role in this environment by continuing to be more engaged than ever in developing and retaining talent, containing and
However, according to a survey conducted by the Economist Intelligence Unit in March 2009, HR faces numerous organizational, financial and technological obstacles, particularly during these trying times. It is also confronting a perception challenge in that many organizations continue to view the HR function as a services provider rather than a businesscritical partner. The HR discipline has evolved over the last few years to comprise professionals at all levels whose contributions are grounded in business and finance. And it is during these uncertain times that HR has an unprecedented opportunity to showcase its value as a powerful strategic collaborator. The HRM Vision for the Recession can play a significant role in the success of the HRM Function in the recession. The HRM Management Team has to set it as a priority and the vision has to be transformed into actions quickly.
The HR Recession Initiatives are not just about the cost cutting, the recession initiatives have to be focused in more areas:
1.Strategic Initiative to Increase Productivity & Efficiency.
3.Customer relationship management.
5.Effective Communication Strategy Among Employees.
Er. Bhawna Sharma[ B Tech, MCA ]
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