The True Cost of a Crisis – HR’s Response to Challenging Times
With the threat of a global recession looking more and more likely as we move through 2023, yet another challenge is looming for HR departments across Europe – the cost of living crisis.
To help weather this storm, efficiency will be key. If your processes are more efficient, your HR department will save the time and the money that your organisation needs to maximise during a recession. Nearly 40% of HR managers place efficient processes as the most important tool for navigating a crisis.
We surveyed over 7,000 employees and 3,500 HR managers across Europe to find out how they’re preparing. Read on to discover how employees are feeling, what’s holding HR teams back, why employee experience will be crucial and how best to enable your HR department to navigate your company through any crisis.