Optimize HR Department Costs to Prepare for a Recession
When a recession is looming, cost cutting can become a top priority. Think critically about how to manage costs to both withstand a recession and be well positioned post-recession.
HR leaders not only advise senior leaders on possible organization-wide cost-cutting measures that impact talent and the related risks but also must also look within their own departments to optimize costs at the same time.
This is challenging, particularly when forced into a reactive mode that requires quick action with little time for reflection, and cost optimization becomes a lower priority than cost cutting.
When a recession hits, HR plays a dual role. Working with senior leaders on organization-wide cost-cutting initiatives is typically the dominant focus, but HR needs to prepare for cost optimization initiatives within its own department as well to ensure organizational budgetary goals are achieved while also positioning the HR department for a quick recovery post-recession.
Impact and Result
To effectively prepare for a recession while ensuring HR is set up for success post-recession, leverage McLean & Company’s methodology to build an action-oriented HR cost optimization roadmap and communication plan based on your HR department’s specific circumstances and timeline.
Assess three broad cost optimization categories for your HR department – HR initiative prioritization, vendor management, and HR workforce optimization – to help focus on specific, organizationally aligned cost optimization opportunities.
Optimize HR Department Costs to Prepare for a Recession Research & Tools
1. Plan and define goals
Determine the organization’s operating context and set HR cost optimization goals.
McLean & Company is an HR research and advisory firm providing practical solutions to human resources challenges via executable research, tools, diagnostics, and advisory services that have a clear and measurable impact on your business.
What Is a Blueprint?
A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your HR problems.
Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.