During the Conference on Strategies for Managing HR in the Knowledge-Based Economy on 19 October 1999, Dr Lee Boon Yang, Minister for Manpower, pointed out that "...Recent studies showed that workers' top concern is the flexibility to manage their work schedule and achieving good work-life balance is an important consideration for many workers". This calls for implementation of innovative Human Resource practices as Singapore progresses towards a more knowledge based economy, where human capital has emerged, as the most important asset of companies.

Thus in this report, I will talk more about how when the economy is in a recession will affect the government policy, management of employment relations in organizations and workers and also how alternative work arrangements such as telecommuting can be helpful to an organization in reallocating its human re

During recession, management often makes better use of human capital by correctly assigning workers to areas where they have higher productivity to survive. Reengineering human resources activities and job redesigning change the organization into a form that is flexible, adaptive, responsive and value adding. Such reengineering reinforce behaviors, which are important to teamwork and customer service and better aligning HR with business goals and objectives, thus bring the organization out of recession.

Some topics in this essay:
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