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  Debbie Meech, HR Director, Cable & Wireless and Graham White, HR Director, Westminster City Council discuss some of the issues facing HR personnel in a difficult financial climate. Interesting observations about Human Resources functions on generating positive sentiments about organizations during times of downturn and job cuts.

Tom Malone, professor at the MIT Sloan School of Management and author of the HBR article "The Age of Hyperspecialization," explains why breaking jobs into tiny pieces yields better, faster, cheaper work -- and greater flexibility for employees.

Guest Post by Sean Conrad To weather an economic downturn, companies need to focus on their core business and strengths, reduce unnecessary costs and be more efficient. Here are 7 talent management practices every company should implement to get the most out of their workforce. 1. Align Goals and Track Everyone's Progress You need to make sure that every employee's goals are aligned with organizational goals. You also need to regularly monitor progress on goals so you can take corrective action as required. Finally, you need to be able to quickly and effectively communicate any change in focus, priorities or tactics. Your talent management system should allow you to quickly communicate changes that impact organizational goals to everyone who has a linked individual goal. 2. Conduct Regular Employee Reviews to Keep Employee Performance On Track Employee performance reviews give employees an opportunity to talk with their manager about what they are doing well, areas for improvem...

Strategic planning becomes a daunting nightmare in challenging economic times. Anticipating change and creating framework for future growth needs in depth understanding of trends which can indicate future changes with fair degree of certainty. Mckinsey article has few tips on planning during these transitioning times. Be realistic about scenario planning In a highly uncertain environment, the advantages of scenario planning are clear: since no one base case can be regarded as probable, it’s necessary to develop plans on the assumption that several different futures are possible and to focus attention on the underlying drivers of uncertainty. Senior executives outside the strategic-planning group—even those accustomed to developing scenarios—may find the diversity and complexity of this year’s scenarios bewildering. It’s critical to bring such executives into the process early: for example, by kicking off the planning process with a scenario-development exercise involving the full sen...