Resilience Amidst Lebanese Crisis: Analyzing Human Resource Practices

Abstract

Purpose: This study examined how well businesses in Lebanon were equipped to handle the economic crisis that arose from protests in October 2019 and how they adjusted their human resource practices in response.

Design/Methodology: Semi-structured interviews were conducted with top management and thematic analysis was to understand the effect of the crisis on businesses, the steps taken to mitigate negative effects, and changes in human resource practices.

Findings: The results showed that the currency exchange rate, bank constraints, and blocked streets caused significant harm to businesses, which had to alter their strategies or shift their focus. Many businesses were not prepared for the crisis, even though Lebanon is a volatile country. To mitigate the damage, companies implemented various measures such as cutting budgets, increasing exports, and delaying plans.

Originality: The study also found that various HR practices were implemented in response to the crisis, such as halting recruitment, allowing employees to work from home, requiring annual leave, or reducing working hours and salaries.