Economic challenges faced on a national and a global level in recent years have affected human resource management at most firms.

Question

Quizplus · Accepted Answer

Economic challenges such as recession, inflation and unemployment have impacted organizations and their human resource management strategies both on a national and global level. Employers have had to make tough decisions such as downsizing, freezing hiring, reducing benefits and salaries, which have affected the workforce and HR management practices.

Economic Challenges Faced on a National and a Global Level