Monday, February 16, 2009

'Explore a fungible workforce to enable quick re-deployment'

‘HR must sustain the human capital advantage’

With the global economic slowdown showing signs of moving into a recession, the times are no doubt tough, observes N. S. Rajan, Partner and National Director, Human Capital Services, Ernst & Young. A liquidity crunch, falling consumer demand and erosion of investments have put organisations under tremendous pressure to control their expenses and the HR (human resource) function too, therefore, has to quickly adjust its focus in order to support the business needs, he adds, during a recent e-mail interaction with The New Manager.

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