Developing a Cost Effective HR Strategy for a Struggling Firm

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The paper is written utilizing a scenario provided by the student of a company which has suffered in the recession and needs to cut costs at the same time as increasing productivity. The writer examines the way in which both of these objectives may be met with a comprehensive remuneration and human resource strategy. The paper is based on a fictitious case study of Macrae bank, but the strategies may be applied to a wide range of organizations in similar situations. Eight sources are cited in the bibliography of this fifteen page paper.