The broad wave of crisis spreading around the world is not conducive to investment in people. It arrests HR initiatives and blocks personnel budgets. The position of personnel departments is threatened. As was the case a few years ago at the start of the current decade, companies are taking up a strategy of surviving at any, often excessive, cost. On the other hand, it is universally known that the greatest careers start and develop during turning points. Crisis for HR departments may prove to be an opportunity not only for survival, but for a permanent improvement in the importance and status of the personnel function to the role of a strategic partner in the organization. Prerequisite is the proper identification of challenges that come with an economic downturn and facing those challenges.
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