Nasscom Chennai Emerge Forum Key People Issues By Sriram Of Avp Hr , Cognizant On 29th May 2009

Henry Paulson - US Treasury Secretary & ex-CEO, Goldman Sachs The most influential & powerful figure in global finance during 2008 © 2009, Cognizant Technology Solutions. Confidential “ I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks are strong.” Treasury Secretary Henry Paulson March 16, 2008 CNN “ The financial security of all Americans…depends on our ability to restore our financial institutions to a sound footing.” Treasury Secretary Henry Paulson September 19, 2008 Press Release

The chain of events © 2009, Cognizant Technology Solutions. Confidential Subprime Loans Derivatives Government Bailouts Global Recession Housing crisis Financial crisis Governmental crisis Economic crisis

Challenges posed by the ecosystem ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2009, Cognizant Technology Solutions. Confidential

What are different industries contending with? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2009, Cognizant Technology Solutions. Confidential

Industry pecking order changed in the past recessions ,[object Object],[object Object],© 2009, Cognizant Technology Solutions. Confidential Leaders (50%) Laggards (50%) Leaders (100% ) Leaders (20%) Laggards (80%) Laggards (100% ) Pre- Recession Post- Recession

Consensus is – Recovery will be long(ish) ,[object Object],[object Object],[object Object],[object Object],© 2009, Cognizant Technology Solutions. Confidential 2008 2009 2010 Current consensus calls for late ‘09, early ‘10 recovery

Holding up the mirror - retrospection © 2009, Cognizant Technology Solutions. Confidential Subprime Loans Derivatives Global Recession ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Restoring the balance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2009, Cognizant Technology Solutions. Confidential

Making it firm and friendly ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2009, Cognizant Technology Solutions. Confidential

Shifting the mean ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2009, Cognizant Technology Solutions. Confidential

The inverted L ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2009, Cognizant Technology Solutions. Confidential

Lessons learnt ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2009, Cognizant Technology Solutions. Confidential

The way forward © 2009, Cognizant Technology Solutions. Confidential Subprime Loans Derivatives Employer Brand ,[object Object],Robust HR Processes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Nasscom Chennai Emerge Forum Key People Issues By Sriram Of Avp Hr , Cognizant On 29th May 2009

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Nasscom Chennai Emerge Forum Key People Issues By Sriram Of Avp Hr , Cognizant On 29th May 2009