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Latest NewsHR strategyTalent management

Talent management rethink required – and HR needs to take leading role

by Louisa Peacock 18 Nov 2008
by Louisa Peacock 18 Nov 2008

HR practitioners have been advised to rethink how to get the most out of employees during a period of economic uncertainty.

Lars Dalgaard, the chief executive of Success Factors, a talent management software supplier, told delegates at a European conference organised by the firm that HR teams should be closely monitoring the financial crisis and working out new ways to motivate employees in the downturn.

He said: “It is my personal view that this will not be a shallow recession it is likely to very long. As HR leaders, we should be watching it and working out how to make the most of the people we have.”

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In a series of presentation slides showing the decline of consumer confidence, bank loans as a percentage of output and global growth rates, Dalgaard stressed the credit crunch had already taken its toll on many businesses across all industries.

“Most of us have never experienced a recession like this. It is clear we need a completely new way of managing staff to allow business change to happen quickly. People like us [HR], need to take the leadership and go into management team meetings and say ‘we need to do something new’.”




Louisa Peacock

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