Ray of hope in recession for human resources

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Human resources department needs to stay positive at the time of recession and focus on the things which can put the business back on track.

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Ray of hope in recession for human resources

  1. 1. for Human Resources The Ray of Hope in the Recession
  2. 2. the thankless job of laying off people, because the business can no longer afford to pay them HR has been ordered to trim: o Salary Packages o Incentives o Benefits which used to be in demand when the economy was flourishing Copyright 2013 | Saigun Technologies Pvt. Ltd. 2 Introduction For the HR department the recession can only mean HR is the bad guy Need to stay positive Who else? Employees will blame… The HR department
  3. 3. Determination to find ways out of the recession and move into a new era may be the beginning of a whole new global environment We need to put an end to this recession Hope 1: A Determined Leadership 3Copyright 2013 | Saigun Technologies Pvt. Ltd. Political Leadership Business Leadership
  4. 4. Improve existing business practices And to Improved global business culture More control over plans and strategies More financial transparency The recession will result in new ideas to bring: Better management practices have triggered new Copyright 2013 | Saigun Technologies Pvt. Ltd. 4 Hope 2: New Thoughts on Management Past failures Current failures Ideas Thoughts
  5. 5. Hope 3: Emergence of New Leaders and Think Tanks 5Copyright 2013 | Saigun Technologies Pvt. Ltd. Recession Change in the power of various schools of thought Freethinkers Consistent Performers Rise of Innovative Thinkers Before After Championed unrestrained freedom Were thought to lack vision Stumbled and fell Proved to be consistent and in control – are the new drivers of change
  6. 6. Copyright 2013 | Saigun Technologies Pvt. Ltd. 6 Hope 4: History of Men Damagedone Event World War I (1914-1918) The Great Depression (1929 – early ‘40s) World War II (1939 – 1945) The Great Recession (2007 - ) Not to scale After all the others, this is a small hurdle to overcome
  7. 7. Hope 5: New Developments in Technology 7Copyright 2013 | Saigun Technologies Pvt. Ltd. Wheels Motorized Ships Steam Engine HR Technology Long distances became short Distances between countries became short Distances between continents became short Technology is growing at a pace like never before New performance tools can make a in facing challenges
  8. 8. Thank You Copyright 2013 | Saigun Technologies Pvt. Ltd. www.empxtrack.com

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