What should HR do during Recession?

Business cycles always pose a major challenge for business organizations, especially recession. The focus is laid on cost-cutting and restricting the business activities to a few defined lines. Major layoffs are targeted and innovation gets a backseat in the organization.

Is Competitive Compensation Attracts and Retains Talent?

Without a competitive pay structure, companies struggle to attract and retain talent. To decide the correct compensation for employees,  it is important to look at what kind of talent the business needs which perfectly suits your business. Talent with high price is not necessarily a sound strategy!