Hr Management

A recession is a contraction phase of the business cycle where significant decline in economic activity lasts more than a few months, which is normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. The current economic recession has hardly spared any country on earth. Rich countries like USA, UK, Germany, Australia, Japan, and Canada almost all the rich countries have got badly hurt from the recession. So, there is no reason to be surprised to know that Indian economy is also getting hurt from the global economic recession

As an HR manager, I would have to look into the following issues

- Employee discontent with lack of promotion / good pay hikes.

- Dissatisfaction due to "not so good" work content.

- Making sure resources are utilized properly

- Prevent good resources from leaving jobs for companies paying more.

The following can be considered while planning

a) Look at the resource requirements in the 3-6 month timeframe and match the existing mix with the required.

b) If necessary, look for ways to gracefully fire incompetent people.

c) Circulate a lot of senior management assurance about the prospects of the company and how they are working hard towards it.

d) Promotions with less pay hike will ease the pressure on the budget

e) Have parties etc to improve employee morale.

f) Keep a tab on the reputation of the company in the market (through online forums etc)

g) Have employee grievance cell and try to solve their problems.

Human Resource Management

The future success of any organizations relies on the ability to manage a diverse body of talent that can bring innovative ideas, perspectives and views to their work. The problems and challenges that can appear in the working environment may be turned into strategic assets of the organization and used for the company’s prosperity. Due to different talents and different cultural backgrounds, diverse genders, ages and completely different...