News: Performance Management
Human resources 'extremely buoyant'
25 March 2008
The gloomy economic outlook has not affected the growing demand for human resources professionals, a new survey has shown.
A worldwide study found the market for HR experts to be "extremely buoyant", while the packages for human resources professionals are getting more appealing.
The survey, by Robert Walters, found that basic pay only represents 60 per cent of the benefits on offer, which also include flexible working, bonuses and other incentives.
"There are lots of challenges for organisations, especially with the current economic downturn, so quality HR is very important now," Charles Cotton, reward adviser at the Chartered Institute of Personnel and Development (CIPD) told Personnel Today.
However, he warned that companies should look to refocus packages towards performance bonuses in favour fixed costs.
"Organisations need to be shifting towards bonus elements, so they can scale those up when there are major payouts, and lower them when profits aren't as high," Mr Cotton added. 
