PRESENTER – CHARU SHARMA

CHAIRPERSON - HEERA LAL

REPORTEUR - GAGANPREET KAUR

A recession is a decline in a country’s Gross Domestic Product (GDP) growth for two or more consecutive quarters of a year.

It makes you wiser It makes you think outside

the box A crises bornes a decision

maker out of you It makes you appreciate

what you have It forces change Lowered attrition rate. Higher job satisfaction

level Good people available at

cheaper rates.

Impact of economic slowdown on employment in India.

The emerging challenges of human resource management in the global recession situation.

The strategy adopted by HR personnel to deal with these challenges.

Collapse of Lehman Brothers The collapse of American International

Group (AIG) Bank Collapse of the mortgage lenders

Freddie Mae and Fannie Mae.

Transport Communication Trade Hotels Restaurants

Problem of Recruitment. Managing downsizing program

appropriately. Talent Management. Stress Management. The Return on Recognition in a

Recession. Loss of employment Reduction of income leading to social

distress

Cisco

Lincoln Electrical, Ohio

Hold special meetings Motivate the employees Offering challenging assignments

and opportunities Explain to them the importance of

their existence in jobs Initiate change by identifying key

people Identify the achievers and reward

them

The Terminated The Fearful The Indifferent The Delighted The Apocalyptic The Longers The Engaged

Survivor’s guilt More work, less motivation Rampant rumor mill

Consolidate workforce Streamline salaries Make organizations more

performance-centric Identify real talent Develop talent as leaders Review and restructure policies Build employer brand Communicate and build trust and

morale

Cancellation of several benefit schemes Reduce the number of employees in the

organization Strategic initiatives to increase the

productivity and efficiency of the whole organization

Redesign of the compensation scheme Identifying the real key employees and

to keep them in the organization Identifying the real top potentials and to

strengthen their development program

Contingency plan Brainstorming session Job freeze Employee performance evaluations Flow of Communication should be

from top to down. Individual and group concerns Maintain a calm atmosphere HR policies, processes and

procedures Process of managing change

http://www.hrmreport.com/article/The-Return-on-Recognition-in-a-Recession/ 

http://empxtrack.com/blog/10/post-recession-challenges-of-talent-management/ 

http://www.thehindubusinessline.com/manager/2009/04/20/stories/2009042050701000.htm

http://www.itvoir.com/portal/boxx/knowledgebase.asp?iid=1296&Cat=3

http://www.24-7pressrelease.com/press-release/globalhunts-view-on-managing-hr-in-recession-84206.php 

http://e-articles.info/e/a/title/Managing-HR-in-Recession/ 

http://www.citehr.com/142624-managing-hr-recession.html

http://howtomanagehumanresources.blogspot.com/2009_04_01_archive.html

THANK

YOU