Facing Recession: How Can HR Support Employees and Ensure Company Survival?

We need to understand the scenario of RECESSION.

Now in this critical situation, how to face the recession is a more important question for the existence of the company and survival of employees.

As we are working as HR professionals, we know what the situation of an employee who's name is listed for layoff will be. We face the crying employees who say, "My family depends on me, please help me..!!!!"

We are planning for cost-cutting, staff reduction, salary reduction... and then what if the problem is still not solved...!!!

SENIOR MEMBERS NEED YOUR KIND ADVICE & SUGGESTIONS.!!!

Can we suggest any way out to handle this situation?

More than 15 views but NO replies.

Hope there is no reply for the recession.

Is the recession a mental block now?

A story post by one of the friend:

"What is recession?"

The story is about a man who once upon a time was selling hot dogs by the roadside. He was illiterate, so he never read newspapers. He was hard of hearing, so he never listened to the radio. His eyes were weak, so he never watched television. But enthusiastically, he sold lots of hot dogs. He was smart enough to offer some attractive schemes to increase his sales. His sales and profit went up. He ordered more and more raw material and buns and used to sell more. He recruited a few more supporting staff to serve more customers. He started offering home deliveries. Eventually, he got himself a bigger and better stove. As his business was growing, the son, who had recently graduated from college, joined his father.

Then something strange happened. The son asked, "Dad, aren't you aware of the great recession that is coming our way?" The father replied, "No, but tell me about it." The son said, "The international situation is terrible. The domestic situation is even worse. We should be prepared for the coming bad times." The man thought that since his son had been to college, read the papers, listened to the radio, and watched TV, he ought to know and his advice should not be taken lightly. So the next day onwards, the father cut down his raw material order and buns, took down the colorful signboard, removed all the special schemes he was offering to the customers, and was no longer as enthusiastic. He reduced his staff strength by giving layoffs. Very soon, fewer and fewer people bothered to stop at his hot dog stand. And his sales started coming down rapidly, the same as the profit. The father said to his son, "Son, you were right. We are in the middle of a recession and crisis. I am glad you warned me ahead of time."

Moral of The Story: It's all in your MIND!!!!!!!!!!!!!!!!!!!