HR: Now doing even more with less...

Budget Cuts, Layoffs, Down Sizing just a few of the phrases that HR Professionals are hearing each day.  As more and more changes are made due to bugetary constraints additional workload and pressure is placed on the HR department.  When employees are demanding better benefits and CFO's are forced to cut budget where do you turn?

Recent Surveys reveal that the majority of HR Professionals view the following as the top three priorities for their position:

1. Succession Planning
2. Employee Retention
3. Providing leadership with better management and reporting

During a time of economic turmoil what should an HR team do? Continue to forage ahead and try to provide the best benefits they can with a dramatically decreased budget? 

Human Resource Publication recently quoted Tom Redman a professor of human resource management.

He had the following to say: “There are more than 100 studies showing HR positively impacts the bottom line and improves performance. No recession will make this go away. But I can't help thinking that if CEOs genuinely believed this they would not cut HR spend.' The fact spend is being cut says something about management values - their core values are deeply embedded, they don't always appreciate HR and, in some cases, make irrational decisions.”


Now that you must do more with less what partnerships and programs will you put in place to maximize impact with a minimal budget?

To learn more about Group Benefit Networks benefit programs that are customized to meet the needs of your company please contact us at (479)452-3000.  Our goal is to provide your employees with a plan that meets their needs which will lead to proper utilization at a cost that your company can afford.