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Regional HR Leaders Share Experiences on ‘Recession-Resistant’ HR Strategies

Posted: 06.05.09

The Chapman Consulting Group today hosted an HR roundtable discussion for 16 select HR Heads. Regional HR leaders from high-profile multinationals in the Banking, Pharmaceutical, Energy, Logistics, FMCG, Media, IT and Hospitality sectors met over lunch at the Singapore Cricket Club to discuss the broad topic of "Optimising Regional HR Team Structures across Asia Pacific Japan".

Participants agreed that the current climate has been an unparalleled opportunity for the HR function to further justify its relevance and value to the organisation. Despite predictions by some that the economic downturn would hamper HR's ascendancy in the boardroom, it has largely elevated the function to a level where it now takes centre stage in the management of the organisation. Its power has been in balancing the reduction of business activity with the need to retain key capabilities that will allow the company to rebound the fastest in the future. So while perhaps enacting conservative measures such as hoarding cash or delaying acquisitions, business leaders are also being counselled by HR Heads to avoid unnecessary knee-jerks.

This is an excerpt. For the full press release, please download the PDF version below.