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The impact of the global financial crisis on managing employees

Author

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  • Anthony McDonnell
  • John Burgess

Abstract

Purpose - This paper aims to provide a brief overview of the global financial crisis (GFC), highlighting its most frightening dimensions, the policy responses and issues around the management of labour during and post‐GFC. Further, this paper introduces the five research papers that encompass this special issue. Design/methodology/approach - The papers presented here are early contributions on how the GFC has impacted the management of people. The key areas focused upon include the human resource management responses of multinational enterprises, the response of trade unions, the roles of employee representative bodies and the rationalisation of post‐crisis managerial strategies. Findings - The major conclusions of this special issue are that the impact of the GFC was variable across countries and sectors in addition to the process of decision making, the types of decisions made, and the determinants and consequences of those decisions. Originality/value - The papers of the special issue provide some of the first empirical findings on how the GFC has impacted on people management, trade unions and the HR function in different contexts.

Suggested Citation

  • Anthony McDonnell & John Burgess, 2013. "The impact of the global financial crisis on managing employees," International Journal of Manpower, Emerald Group Publishing Limited, vol. 34(3), pages 184-197, June.
    • Handle: RePEc:eme:ijmpps:v:34:y:2013:i:3:p:184-197
    DOI: 10.1108/IJM-04-2013-0076
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    Citations

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    Cited by:

    1. Esther Martínez‐Garcia & Joan Sorribes & Dolors Celma, 2018. "Sustainable Development through CSR in Human Resource Management Practices: The Effects of the Economic Crisis on Job Quality," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(4), pages 441-456, July.
    2. Sasan Bakhtiari & Robert Breunig & Lisa Magnani & Jacquelyn Zhang, 2020. "Financial Constraints and Small and Medium Enterprises: A Review," The Economic Record, The Economic Society of Australia, vol. 96(315), pages 506-523, December.
    3. Joan Sorribes & Dolors Celma & Esther Martínez‐Garcia, 2021. "Sustainable human resources management in crisis contexts: Interaction of socially responsible labour practices for the wellbeing of employees," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 936-952, March.
    4. Anthony M Gould & Milène R Lokrou, 2018. "Paved with good intentions: Misdirected idealism in the lead-up to 2008’s GFC," The Economic and Labour Relations Review, , vol. 29(4), pages 394-409, December.
    5. Leković Božidar & Marić Slobodan, 2016. "Economic Crisis and the Nature of Entrepreneurial and Management Activities," Economic Themes, Sciendo, vol. 54(1), pages 21-44, March.

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