As Cezanne HR officials notes, while "this survey has revealed the main fears that managers and senior leaders have, it's also an opportunity for HR teams to refine their strategies and implement some 'quick wins' to support their organizations through the economic storm." To that end, here are three HR-related "quick wins" the company suggests for implementation in the coming months:

Review and refine your organization's health and wellbeing strategies. Historically, health and wellbeing initiatives have been major factors in healthy company cultures. "With everyone feeling the financial strain, employee wellbeing is a subject that HR teams (and senior leaders) truly cannot afford to ignore," Cezanne HR cautions.

Review your retention strategies. Recognize that even if your company is not anticipating redundancies, other cost-saving actions such as frozen wages, reduced overtime or canceled bonuses could result in unanticipated turnover. "If your business has to take these measures, think about how your staff can be supported in other ways in order to keep them engaged and not immediately heading for the exit," the company warns.

Evaluate your employee data. "Your employee data will be vital should departmental cost savings need to [be] made," the survey concludes. "Think about how you can thoroughly analyze the performance of your employees, the productivity of certain departments, or where employees may need extra help and support."

Instant Insights /

HR professionals plan ahead for looming recession

More From HR Executive

Related Stories

Recommended For You