How Does HR Navigate Challenges During a Recession? Seeking Real-Life Examples and Insights

Hi Friends,

Can anyone help me in giving information about the HR role in a Recession? I have a paper presentation on "Global Economic Turbulences" - HR Development Innovations. I have collected some information and am looking out for some good articles or any examples which you have seen in your company. Kindly help me out if any.

Namaste,
Bhanu.v

Dear Bhanu,

HR & IR is the backbone of the company. Yes, HR-related issues help in a recession. You can do cost-cutting by utilizing your manpower, providing effective training to your employees, promoting them to top positions, and you do not need to hire costly new managers. You should identify the training needs and take action accordingly. Keep a watch on employee performance and take action as per their needs; this way, you can improve productivity and reduce time spent on gossip, creating a pleasant environment for them. The selection of the right candidates in the right place is the prime responsibility of HR.

There are several effective ways that can improve the company's situation even during a recession.

Best Regards,

Sajid Ansari

Hi friends,

I have completed a project on the topic "HR Response to Global Meltdown." It may be helpful to you.

Regards,
Yasin

Hi friends,

In my MBA winter project, I have conducted research on this topic. It might be helpful to you.

Regards,
Yasin Patel

Hi Bhanu,

You will find the attached story very interesting. It talks about the role of HR and how it has changed due to the recession.

Regards,
Aditi Sharma