How Downsizing Will Affect Freshers In The Company??

Dear Seniors,

Please suggest me on this.

Right after completing my MBA (HR), I joined my current company 9 months back through Campus Selection. I am a fresher, and this is my first job. The first 7 months were really good. After the Induction, I was placed in Recruitment and was working very well. My HOD was also happy with me as I picked up at a really fast speed.

Then suddenly, this economic downturn came. Production slowed down, cost-cutting started, and recruitment was frozen. As I was on the same profile, I lost my work and have been sitting idle in the office for the past 2 months. Now, downsizing has also started in the company, and I have started feeling insecure. I may also become the target. My boss has become unapproachable for me, not giving even a little attention. My boss, all HODs, and top management people are extremely busy in meetings nowadays, forming new strategies every day to cope with the current situation.

Everybody in my team is senior to me, having one task or another to do, while I am sitting idle at my desk, watching everybody around and getting more and more frustrated every day. Being a fresher, I don't know much about other functions. I am trying a lot to learn new things, but nobody has time to explain. Throughout the office hours, I am not adding any value to my profile. Sometimes I surf the net to increase my knowledge, sometimes I help others in their day-to-day work. To keep myself busy, I engage in all sorts of non-value-adding activities.

If I am terminated, what will be my future? There are no jobs in the market. I really love my profession and want to achieve greater heights in it. But what now? How should freshers like me prepare themselves to face this situation?

Kindly Guide.

Dear Seniors,

Why 9 views & No Reply?

The question that I have asked is: Is the situation unavoidable and do freshers have to face it, or is the question itself not that important? Should we wait and get frustrated until getting the termination, or is there a positive part of it?

Is this situation present in many companies, or does it belong specifically to me? Kindly guide.

Dear,

It is not necessary that you will be terminated. In this situation, I will suggest you to increase your knowledge regarding salary, ESI, and PF matters. Do not worry, there is no such problem in the market.

Thanks,
J. S. Malik

This is the high time when you can work on new ideas and their feasibility. Your one golden idea can save the job of others, of course, yours too. You have the unique opportunity to chalk out a special cost-cutting plan, process improvement plan. This is a precious opportunity for learning which has come after a long time, and in normal times, probably you could not learn at the very beginning of your career. Accept the challenge for unique learning.

There are many things we can do provided we know how to best present its usefulness:

As an HR professional, I would suggest you focus on other areas as well, such as training, preparing performance-linked compensation, understanding employee costs, and ROI from each employee.

Focus on Internal Recruitment.

See the article below: It's borrowed from the Internet, but I liked it.

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The HR Bailout Plan

You have heard - the Dow dropped 777 points, representing the largest sell-off in 21 years. It is a more significant percentage loss than the day after 9/11. When you consider that the NY stock exchange was right in the middle of the 9/11 catastrophe, you get an idea of how serious traders believe this situation is.

If you watch the news, you will now encounter images of the food lines of the depression, and commentators instructing you to buy gold and stockpile rations. It's a serious situation.

So the bailout plan failed. Let's talk about the HR Bailout plan.

With the constant bombardment of bad economic news, deteriorating personal investments, and an alarmist media, you can bet that your employees are scared. Human Resources must now take a very active stance to get ahead of these fears and lead corporations into normal and productive operations.

Here are a few ideas for your HR department to be a force of reason in this storm of uncertainty:

1. Reassure: Send a memo to all of your employees expressing empathy and understanding of the stress they may be undergoing. Highlight recent successes within your business and bright points in your market. Be honest about your business operations and write about a few challenges and how you can all overcome them.
2. Protect n' Serve: Now is a great time to reevaluate your financial support and services, and banking options. Look for greater flexibility in investment choices, transparency, and financial strength of your partner firms. Promote these changes to your employees and get their input. Stay fixed on the protection of your employees' assets and financial future.
3. Advise: HR certainly should not function as a financial advisor to your employers. However, a certain amount of counsel might be warranted and helpful. During real economic crises, the best investment advice is often to do nothing. If you are fielding calls about your company's 401K, for example, direct them to your plan provider, but approach the matter without alarm. If you can provide a general employee memo about such matters, keep the tone reassuring and use a lot of old adages: most of them are true.
4. Keep a seat at the table: Your organization will most likely be looking to reduce overhead. Your department may be involved in planning staff reductions. However, keep focused on productivity enhancements and employee-related cost savings beyond staff reduction. For example, this may be a great time to consider remote work for some staff, training to improve production, and courses to improve organization and time skills. Now is the time to invest in your employees, both for them and the long-term health of your organization.

The role of the Human Resources function cannot be overstated at this critical junction in our economy. You have the ability to counsel, motivate, and lead your company through these uncertain times. If organized correctly, this downturn can have very positive effects: your organization can emerge smarter, more productive, and courageous. It is up to all of us to affect this change.

Dear,

Just be patient, and if you experience downsizing, stay calm. There are plenty of jobs in the market. Search smartly, and you will find the best one. My only advice to you is that under any pressure, work smart. Let things fall into place for you rather than you going after them and trying to make it right.

Regards,
Nirzari Sen

Dear Gaurav,

I know layoffs are very painful, but please don't worry. If you have decided to win, no little defeat can stop you. These hurdles will be temporary.

Regards,

Dear PMA,

This is sort of a mid-life crisis. People usually have this kind of situation in their late 30s - 40s. Some do have it early. I think you shouldn't worry about your job loss but instead be proactive. Count your assets - You are an MBA graduate. Your only liability would be you being a fresher. Downturn is affecting everyone at all levels as of now. Be brave and prepare for the worst. Be practical; this is a situation unavoidable for anyone.

What you can do is:

1. Do some additional courses related to your field or other areas that interest you (it increases your value in the job market). For example, you can do a diploma in marketing, journalism, etc.
2. Try applying on all job portals, put your CV to all your network and friends and consultants as a proactive step. (The market is not as bad as it is projected by the media and a few economies).
3. If you do not have a handful of work in the office, you can do some independent research and projects. Utilize time to read and improve your knowledge.
4. Believe in your ability, save each penny for rainy days. Saving one's earnings always help in bad times.
5. Don't get stressed or burnt out. Stay calm and don't show your frustration and don't complain about this situation to anyone at work, especially to your boss, seniors, and colleagues. (People will feel you are worked up and demotivated at work, and this can itself become a reason for your employer to pink slip you from the job).
6. Stay fit and eat healthy. Don't lose focus. Take this situation as a learning experience. You will only learn to win over idleness and insecurity. You will learn to manage finances better and wisely. Learn to manage failures in life and resolve problems.

Remember you have your family and friends as a final resort for survival.

All the best,
Jaya05

Dear Seniors,

I have one problem. I am working as an Assistant Manager in HR. We are about 3 HR people for 600 employees. I am taking care of the complete recruitment area until the candidates are onboarded. However, for recruitment, there are no costs involved. So far, I have placed most of the employees through known friends and sources with no consultant fees, no job portal, and no employee referrals. Apart from recruitment, I am also handling other tasks. Still, I feel that no one has recognized my work. Sometimes, I feel insecure about my job. Can anyone advise on this? One of my friends who is working with me in the same department talks proudly about his work. Sometimes I feel like...

Thanks,

BUR

Hey,

Don't get worried. Meanwhile, utilize your time by helping your colleagues or updating your knowledge. You can also brainstorm and find out what value-add you can provide in the current situation.

Always have a smile :)
Cheers

Hey,

Do you know HR is always a thankless job, but don't get bogged down as it is always a critical function/department for any organization. It is one of the best departments or streams to work in.

"You will only know the value of a friend when you lose him/her"

Cheers. :-P

Guys, worry leads to worry and in such a phase, you also stop looking at the solution. You should be prepared for what comes in the future. It is difficult, but you have to do it.

Amrender

Hi,

Don't worry, nothing will happen to you. It's a good opportunity for you to learn more and more things in your organization. As you must be aware, there are so many areas in HR that you can learn.

Hi PMA,

Your work has been well received by your seniors. This will stand you in good stead. You can equip yourself with new skills and contribute significantly to your organization in these times. Creativity and proactive initiative can see you through this phase. So cheer up and remember - tough times do not last; tough people do! Good Luck!

Regards,
Ayeshwarya