JVA HR
How permanent or temporary is the change?
Since the HR strategy was driven by a downturn in the economy, it is reasonable to suspect that once the economy is back on its feet the strategy will change as well. Thus the change is only as permanent as the macro-economic environment as well as the company's individual performance.
How much will employees lose by the change?
Employees will suffer some losses. They would lose access to any pay increases as well as a loss in certain amenities. However, if the bigger picture is considered then it might actually be perceived as a benefit. If the employees are willing to accept some sacrifices then there will be less layoffs and less detrimental long-term effects that will arise and prevent the company from becoming successful in the...
JVA Corporation has a presence and expertise within the market of nearly two decades, during which period they have been faced with a wide array of challenges, but also opportunities. The company, for instance, has been able to expand into the increasingly popular and evolving technological sector, hiring better trained and specialized staffs. On the other hand however, the company has also faced challenges as a result of macroeconomic conditions,
This brings us to the costs that both employees and JVA Corp. will face if this strategy is implemented. The employees will lose because, after the economic crisis, they will find themselves at the same professional levels as before the crisis. As no performance management has been undertaken, there have been no training programs etc. And the employees will simply find themselves not adapted to the challenges of the environment.
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