To continue reading please register or login to your OHW+ account.
Only the fittest companies will survive 2001 intact, a leading HR academic claims.
Stephane Garelli, professor at IMD Business School in Switzerland, said companies are going to have to retain talent as the global economic growth slows down.
Garelli predicts that employers will be suffering from an economic hangover in 2001 in the wake of the recent US stockmarket crash. People are the most valuable assets that a company could possess in this period of economic uncertainty.
He said, "Employers should look for resilience in employees - those who can weather the economic storm."
But Garelli advised HR not to panic. He said, "Staff need reassurance and a sense of direction. HR people who become the loudspeakers of the CEO by amplifying concerns are not doing their job."
He said HR should support staff in periods of economic uncertainty. "You need to say to staff that you're going to fight for survival together," he claimed.
