W1: HRM during Crisis + SHRM Flashcards
3 types of crises
Economics crisis, natural disasters, and political uncertainty
Crisis
Unwanted, unexpected, unprecedented, and almost unmanageable, causes widespread disbelief and uncertainty. Deviation from normal, considered threat to basic system structure
Natural disasters effects
Challenge the fundamental way people work in groups, threaten basic social structure in workplaces, and transportation (ex. Covid)
Economic crisis effects
Decrease in innovation, decline in output and lower investment (ex. 2008)
Political uncertainty effects
Political uncertainty and hostile environments threaten the safety and security of employees (ex. war)
Effects of economic crisis on IHRM
Developing over hiring, pay cuts, housing issues (ex. for expats)
Effects of political uncertainty on IHRM
Risk management for expats, focus on employment relations
Effects of natural disasters on IHRM
Employee well being (PTSD), rethink (global) mobility planning, remote work
Challenges of managing performance during COVID
- Organizations strategic directions might change
- Time becomes even more limited
- Meaningfulness of performance management become questionable
- Goals might be out of reach
- Traditional management practices no longer exist (ex. open door policy or management by walking around)
Why is HRM important in crisis
- Helps maintain business operations
- Maintains staff overview and adapts planning
- Keeps “human capital” motivated and production during uncertainties
- Delivers tools for leadership
- Provides structure and guidance in uncertain times
- Is needed to accurately identify and successfully retain top performance
How do crises affect work experiences
Bring problems to the forefront and intensify poor working conditions, unemployment and underemployment abuse and exploitation
Workplace dignity
reflects the self-recognized and other recognized worth acquired from engaging in work activity
Decent work
A basic standard for acceptable employment (SDG 8). Decent work and precarious work represent 2 poles along a multidimensional conceptualization of work, has broad consequences for people’s work lives and their overall well-being
Attributes of decent work
- Job creation
- Worker rights (representation, freedom of association and access to collective bargaining)
- Social dialogue (open dialogue among workers, employers and gov for collaboration)
- Safe and balanced conditions (safe, family friendly, adequately compensated, healthcare accessible)
How can collective workers create more decency? (Model, 7 steps)
Precarious work → associational power building → coalitional power building → exercise of structural power → institutional power building → decent work