How Does HR Navigate Challenges During a Recession? Seeking Your Insights

priyanka_d22
Hello to all of you. I am a new member on this site. I just wanted to know the role of HR in a recession. I hope someone in this forum will guide me accordingly.
priyanka_d22
Hi, I'm a student and interested to know the status of an HR during a recession which will help me to understand my subject conceptually.
jayavelk_mba
Dear Priyanka,

The role of an HR during a recession carries vital responsibilities in the following areas.

1. Talent retention - He should be responsible for retaining the talent of the organization since talent acquisition at this point in time is challenging.

2. Motivation & Morale - The HR is responsible for keeping the morale of the employees high and positive since during a recession, employees will be highly focused on their job security.

3. Cost-effectiveness - The HR is also responsible for managing the organization's costs related to human capital. He should have a clear understanding of the costs involved in talent development and improvement and should act in a way that minimizes the expenses incurred in manpower development.

4. Communication - HR is supposed to act as a bridge between the organization and the employees, keeping the employees well-informed about the organization's strategies and plans to overcome challenges, and involving employees in the strategy.

These are a few roles that HR would have during a recession period. I hope the forum will have more discussions on this topic since there may be other roles that have been overlooked.
nazneen n
Hi,

Retaining the morale of employees and cutting costs are areas of concern during a recession.

Nazneen
geetha.gowda
Can anyone help me on the project synopsis? I'm pursuing my MBA in HR and am yet to choose the topic. Can anyone help me, please?
anuramakrishu@yahoo.co.in
Hi,

Could you please recommend a book on the latest compensation structures in Karnataka, including PF, ESI, and income tax calculations?

Thanks and regards,
V. Anurama.
pooja soin
Learn to be an Opportunist....HR vs Recession

Hello Priyanka,

With reference to your question, I would like to share what my boss addressed during a presentation: "THIS IS A TESTING PHASE FOR ALL HR COMPANIES. THIS IS THE TIME WHEN QUALITY CAN BE PROVIDED AND ACQUIRED."

Regarding you being a student, I would recommend studying the entire HR cycle first for a better understanding of the HR industry.

Best wishes,
Pooja Soin
Asst Consultant - BD
Laurent and Benon Management Consultants Ltd
India Operations
Phone: [phone number]
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