Asked by Lauren Danner on May 13, 2024

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Describe three actions that can be taken by HR managers to cope with economic uncertainty

Economic Uncertainty

A condition in which there is a lack of confidence or predictability regarding the state of the economy, often leading to volatility in markets and investment decisions.

HR Managers

Professionals responsible for overseeing the functions of the human resources department, including recruitment, training, performance management, and employee relations.

  • Acquire an understanding of the mutable aspects of organizational surroundings outside the company and their impact on Human Resources.
  • Develop Strategic HR planning responses to environmental threats and opportunities.
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CS
Chris SandersMay 14, 2024
Final Answer :
Actions taken by HR managers to cope with economic uncertainty include linking employee performance with organizational goals,increasing expectations of employee productivity,putting emphasis on succession planning and readiness,investing in leadership development,using non-cash rewards such as time off,time flexibility,learning opportunities,and retraining employees for new jobs.