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Adopt 5 HR best practices to weather the recession

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in Employee Benefits Program,HR Management,Human Resources

by Susan Riffle

During a recession, every organization seems to face its own unique HR challenges, and that’s leading to creative solutions and new ways of thinking.

Still, some tried-and-true best practices endure during good times and bad, and comp and benefits pros who follow them are having some success in helping their organizations during hard times.

Here are five best practices that can help comp and benefits pros make changes that contribute to their organizations’ survival.

1. Benchmarking

Too many organizations set salaries, determine raises and add or subtract benefits without considering the perks their competitors use to attract and retain the best employees.

Regardless of economic ups and downs, it’s important to compare your organization’s comp and benefits programs with other firms of your size in your industry—and then to use that information to shift your strategy to make your company more...(register to read more)

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