HR & the Slump: The 3 Big Trends Affecting Employee Relations — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

HR & the Slump: The 3 Big Trends Affecting Employee Relations

Get PDF file

by on
in Employee Benefits Program,HR Management,Human Resources

While all economic cycles share certain features, they also have unique effects. What’s different for HR in this downturn versus the last? Here are three distinctive characteristics of the current economic slump that are affecting your employees—and potentially reshaping your HR programs:

1. Rising gas prices refocus efforts on commuting assistance, benefits

With gas prices climbing toward $4 a gallon, employees are paying much more to get to work—a direct hit on the wallet.

In fact, a Kaiser Family Foundation survey of 2,000 working Americans found that 44% said that paying for gasoline was a “serious problem” for them. Across all income levels, the cost of gas was the most frequently cited economic concern (see box below).

Impact on HR:
Expect to become more involved in getting your employees to work. Among the options to consider putting in play:

  • More generous commuting benefits

  • ...(register to read more)

To read the rest of this article you must first register with your email address.

Email Address:

Leave a Comment

Previous post:

Next post: