📣Thread Alert! 🧵 Diving into the insightful strategies from former CPO Annette Andrews on navigating through budget cuts while keeping people and progress at the forefront. Stay tuned for our 12 key takeaways from her must-read article on thriving in challenging times. #HR

1. HR Systems: Continuing to enhance HR systems is crucial, even during budget cuts. They play a key role in business growth and efficiency. #HR #businessresilience

2. New Talent Initiatives: 🌱Maintain programmes like graduate schemes and apprenticeships. Investing in new talent is investing in the future. #HRManagement #BusinessResilience

3. Recruitment: 🔍 Get creative in recruitment by restructuring roles and promoting internal talent. Smart hiring is key in tough times. #HRManagement #BusinessResilience

4. Restructuring: 🔄Consider voluntary redundancy programs and healthy attrition rates to balance the workforce and budget. #HRManagement #BusinessResilience

5. Employee Benefits: 💼 Adjust employee benefits to align with changing needs and cultural norms, ensuring your team feels valued and supported. #HRmanagement #businessresilience

6. Wellbeing: 🌟 Focus on wellbeing initiatives to tackle higher absence rates and retention issues. Happy employees are productive employees. #HRManagement #BusinessResilience

7. Development: 📈 Continue developing your team's skills. Avoiding a complete halt on development activities can keep morale high. #HRManagement #BusinessResilience

8. Focused Activity: 🔎 Identify areas costing the business money and focus on them. It's all about strategic allocation of resources. #HRManagement #BusinessResilience

9. Suppliers: 🤝 Consolidate suppliers and negotiate savings. Every penny saved is a penny earned. #HRManagement #BusinessResilience

10. Employee Engagement: 💬Engage employees in change initiatives and budget optimisation. Involvement leads to commitment and better outcomes. #HRManagement #BusinessResilience

11. HR’s Own Wellbeing: ❤️ Don't forget the wellbeing of the HR team. They're the backbone of managing these challenging times effectively. #HRManagement #BusinessResilience

12. Business Plan: 📊Have a data-supported business plan to gain executive support. Show the value of every initiative. #HRManagement #BusinessResilience

🔗 That's a wrap on Annette Andrews' essential strategies for HR during budget cuts! Craving more in-depth insights? Sign up for our free fortnightly newsletter. Don't miss out! 👉 bit.ly/TPSupdates #HRLeadership #BusinessGrowth #HRManagement #BusinessResilience

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