Crisis Management Trends in the 21st Century Human Resource Management

Kálmán, Botond Géza and Poyda-Nosyk, Nina and Ngamba, Divin Eyir and Poór, József (2024) Crisis Management Trends in the 21st Century Human Resource Management. In: Társadalmi-gazdasági turbulenciák hatásai a tanácsadásra - gazdasági válság, a mesterséges intelligencia térnyerése és a társadalmi igények gyors változásai : XI. Nemzetközi Tanácsadói Konferencia. Metropolitan Scholar - Business, Arts and Culture . Budapesti Metropolitan Egyetem, Budapest, pp. 160-177. ISBN 978-615-5459-29-0

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Abstract

The history of the first quarter of the 21st century was characterized by a succession of crises following each other faster and faster. The reason for this is partly economic (2008) and partly non-economic (2020). However, the result is the same: recession, job losses, income decline. The employee is the basis of both macroeconomic growth and corporate performance. Therefore, human resource management (HRM) has a key role in crisis management. The study is based on a Hungarian-organized but international survey assessing the corporate effects of Covid-19 and the Russian-Ukrainian conflict. Authors examines the similarities and differences between domestic and foreign-owned private sector companies in the field of HRM crisis management strategies, measures and approach. Based on the results, the approach and measures do not fundamentally differ, although foreign ownership theoretically involves more resources. The cause of the crisis is a stronger determinant of HRM responses than company characteristics.

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