Aller au contenu principal
A propos d'HEC A propos d'HEC Faculté et Recherche Faculté et Recherche Grande Ecole
& Masters Grande Ecole
& Masters
MBA Programs MBA Programs Programme PhD Programme PhD Executive Education Executive Education Summer School Summer School HEC Online HEC Online
A propos d'HEC En bref En bref Qui sommes-nous ? Qui sommes-nous ? Egalité des chances Egalité des chances Centre Carrières Centre Carrières International International Vie du campus Vie du campus Diversité et inclusion Diversité et inclusion Stories Stories Fondation HEC Fondation HEC Coronavirus Coronavirus Faculté et Recherche À propos À propos Corps professoral Corps professoral Départements Départements Centres Centres Chaires Chaires Knowledge Knowledge Grande Ecole
& Masters
Programme
Grande Ecole Programme
Grande Ecole
MSc International
Finance MSc International
Finance
MS et MSc MS et MSc Programmes
X-HEC Programmes
X-HEC
Doubles Diplômes
en Admission directe Doubles Diplômes
en Admission directe
Visiting
students Visiting
students
Certificats Certificats Vie
Etudiante Vie
Etudiante
Student
Stories Student
Stories
MBA Programs MBA MBA Executive MBA Executive MBA TRIUM EMBA TRIUM EMBA Programme PhD Overview Overview HEC Difference HEC Difference Program details Program details Research areas Research areas HEC Community HEC Community Placement Placement Job Market Job Market Admissions Admissions Financing Financing Executive Education Executive Mastères Executive Mastères Certificats Executive Certificats Executive Programmes courts Executive Programmes courts Executive Online Online Formez vos équipes Formez vos équipes Executive MBA Executive MBA Summer School Youth programs Youth programs Summer programs Summer programs HEC Online En bref En bref Programme diplômant Programme diplômant Certificats Executive Certificats Executive MOOCs MOOCs
Faculté et Recherche

Investing for Keeps: Pre-Pandemic Investments in Human Capital Reduce Workforce Reductions Associated With COVID-19 Financial Pressures25

25 mar -
2021 -
16H00
Jouy-en-Josas
Anglais

Participer

Ajouter au calendrier
2021-03-25T16:00:00 2021-03-05T15:03:58 Investing for Keeps: Pre-Pandemic Investments in Human Capital Reduce Workforce Reductions Associated With COVID-19 Financial Pressures Management & Human Resources Speaker: Rebecca Kehoe Cornell University, ILR School   Jouy-en-Josas

Management & Human Resources

Speaker: Rebecca Kehoe

Cornell University, ILR School

Abstract

We examine how firms’ pre-pandemic investments in human capital influence their use of workforce reductions as a response to financial pressures during the COVID-19 pandemic. We contend that workforce reductions must be examined in the context of firms’ broader financial and resource orchestration environments. First, we suggest that the financial pressures facing an organization will determine its need to cut costs during the pandemic. Second, we argue that a firm’s prior investments in employees’ human capital will reduce the attractiveness of workforce reductions as a strategy to cut costs, as human capital investments (HCI) increase the value of employees’ knowledge, skills, and abilities and motivation, thus inducing firms to seek alternative measures to address financial pressures. We then argue that the attenuating effect of HCI will be stronger when HCI is matched with investments in complementary resources (i.e., physical capital) and with the service requirements of a firm’s client mix (i.e., with commercial clients’ needs requiring more sophisticated and firm-specific KSAs), as employees’ human capital will create more value– and will translate to a bigger loss following employee departures – in such circumstances. We demonstrate support for our hypotheses in a sample of 1,364 U.S. banks using data from quarterly Federal Deposit Insurance Corporation (FDIC) reports, news articles, and Worker Adjustment and Retraining Notifications (WARN) Act filings through the fourth quarter of 2020. We discuss implications for our understanding of the impact of the COVID-19 pandemic on organizations and employees and for research on resource orchestration and human capital.

Participer

Ajouter au calendrier
2021-03-25T16:00:00 2021-03-05T15:03:58 Investing for Keeps: Pre-Pandemic Investments in Human Capital Reduce Workforce Reductions Associated With COVID-19 Financial Pressures Management & Human Resources Speaker: Rebecca Kehoe Cornell University, ILR School   Jouy-en-Josas