Essays on How the Economic Downturn Affect the Human Resources Practices in the UAE Bank Research Paper

Download full paperFile format: .doc, available for editing

The paper “ How the Economic Downturn Affect the Human Resources Practices in the UAE Bank” is a meaningful example of the research paper on management. With the ongoing global economic meltdown, corporate organizations have been greatly impacted and the executive has had to devise measures and policies to ensure that these organizations remain profitable. Job cuts have been evident as the organizations attempt to reduce their operating expenditures, therefore, resulting in increased supply in the labor markets. Apparently, there exist a number of other proactive measures at the disposal of the organization aimed at reducing their vulnerability to the economic downturn.

The practices of the human resources department have been under scrutiny as organizations target the department to reduce their costs. Due to the heightened job cuts especially among financial institutions, employees have reduced their performance levels especially due to lack of motivation and job security. Problem IdentificationThe economic meltdown has exhibited varying impacts across nations and industrial practices with the most common impact being the negative impact on the financial markets that have led to investors experiencing financial losses.

As a result, investors have channeled their funds towards more promising investments as the economic downturn subsides. However, the economic downturn has not only impacted on investors but also on both big and small organizations. These organizations have had to adjust their resource allocations in order to ensure that they survive the economic meltdown. It is a widely known fact that the performance of business organizations is positively correlated to the economic performance of a nation (Gonzalez, Karoly & Constant, p63). Both large and small organizations have to ensure the efficient allocation of resources towards attaining their preset objectives.

Organizational resources can be broadly classified into two namely financial and human resources. Financial resources ensure that the organization has the necessary funds to meet its obligations whereas the human resources ensure that the organization has the required manpower to undertake the various operations (Jackson & Schuler, p29).

Works Cited

Bach, Stephen. Managing Human Resources: Personnel Mgmt in Transition, 4th Ed. Washington: Wiley-Blackwell, 2005.

Bartlett, David. Managing Human Resources in a Global Downturn. Retrieved from < http://rsmmcgladrey.com/pdf/managinghrglobal.pdf > on November 11, 2009.

Borardus, M Anne. Human Resources Mgmt. California: John Wiley & Sons, 2004.

Gonzalez, Gabrlella, Karoly, A. Lynn & Constant, Louay. Facing Human Capital Challenges of the 21st Century. Retrieved from < http://www.rand.org/pubs/monographs/2008/RAND_MG786.sum.pdf > on November 11, 2009.

Hewitt. Middle East Banks-A Rprt on Rewards & HR Practices: A Guide to Making Informed Dec. in a Transforming Landscape. Retrieved from < http://www.hewittassociates.com/Lib/assets/AP/en-ME/pdfs/middle_east_banks.pdf > on November 11, 2009.

Jackson, E Susan & Schuler, S Randall. Managing Human Res. Through Strategic Partnerships, 8th Ed. Boston: Ideal Pub. Grp., 2004.

Keogh, Jack. Managing Human Resources in an Econ. Downturn. Accessed from < http://www.hr.com/SITEFORUM?&t=/Default/gateway&i=1116423256281&applic ation=story&active=no&ParentID=1119278167731&StoryID=1229968864193&xre f=http%3A//www.google.co.ke/url%3Fsa%3Dt%26source%3Dweb%26ct%3Dres% 26cd%3D8%26ved%3D0CB4QFjAH%26url%3Dhttp%253A%252F%252Fwww.hr. com%252Fhr%252Fcommunities%252Fleadership%252Fmanaging_human_resourc es_in_an_economic_downturn_eng.html%26rct%3Dj%26q%3Dthe+impact+of+glo bal+economic+down+turn+on+human+resource+practices%26ei%3DWob2Ssv_EI Os4Qb694jPAw%26usg%3DAFQjCNEWGr5LETu-urJdjRwYuYJamJcEEQ > on November 11, 2009.

Maxwell, A Joseph. Qualitative Res. Design: An Interactive Approach, 2nd Ed. California: Sage Pub., 2005.

National Bank of Abu Dhabi. Accessed from < http://www.nbad.com > on November 11, 2009.

Sociological Research Skills: Research Methods. Accessed from < http://www.sociology.org.uk/methsi.pdf > on November 11, 2009.

Download full paperFile format: .doc, available for editing
Contact Us