HR called on to lead battle for best employees

first_imgPressurewill grow on HR departments to help employers recruit and retain the bestpeople if the expected economic downturn in America spreads across theAtlantic.Thisis the view of the CIPD’s chief economist, John Philpott, who said that if theUK moved towards recession, unemployment was unlikely to climb drastically andcompanies would still face a fight to hold on to their best employees in acompetitive labour market.Concernsover a downturn in the UK economy were highlighted last week when the Bank ofEngland cut interest rates for the first time in 20 months.Philpottsaid, “I think there would be increasing internal pressure on HRdepartments in terms of recruitment and retention.”Thereis also a potential problem in terms of rewards and keeping hold of the bestpeople because the labour market is going to remain fairly tight.”Philpott told Personnel Today that if the UK was affected byan economic downturn it would place a greater emphasis on companies to achieveincreased productivity. Related posts:No related photos. Previous Article Next Article Comments are closed. HR called on to lead battle for best employeesOn 13 Feb 2001 in Personnel Todaylast_img read more