The document discusses how training can help combat recession. It first defines recession and lists its causes and effects, including unemployment. It then argues that training existing employees rather than layoffs can boost loyalty, skills, and productivity. Specific training recommendations involve improving leadership skills, taking advantage of multi-talented employees, and cutting costs through internal training programs. Motivation and coaching/mentoring employees are presented as low-cost training methods that link personal and organizational goals. The aim is to retain rather than lay off employees through effective training strategies during an economic downturn.

1. HOW TRAINING CAN HELP IN 1
FIGHTING RECESSION

2.  INTRODUCTION TO RECESSION
 EFFECTS OF RECESSION
 UNEMPLOYMENT
 LAYOFF VS RETENTION
 TRAINING TO BEAT RECESSION
 OTHER COST EFFECTIVE METHODS OF TRAINING:
(a) MOTIVATION
(b) COACHING & MENTORING
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3. DEFINITION:
 In economics, the term recession describes the reduction of a
country's gross domestic product(GDP) for at least two quarters. The usual
dictionary definition is "a period of reduced economic activity", a business
cycle contraction.
 The US-based National Bureau of Economic Research (NBER)
defines economic recession as: "a significant decline in the economic activity
spread across the country, lasting more than a few months, normally visible
in real GDP growth, real personal income, employment (non-farm payrolls),
industrial production, and wholesale-retail sales.”
HOW TRAINING CAN HELP IN 3
FIGHTING RECESSION

4. CAUSES OF RECESSION:
 Currency crisis
 Energy crisis
 War
 Under consumption
 Overproduction
 Financial crisis
EFFECTS OF RECESSION:
 Bankruptcies
 Credit crunches
 Deflation (or disinflation)
 Foreclosures
 Unemployment
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FIGHTING RECESSION

5. • According to ILO, global unemployment in
2009 could increase over 2007 by a range
of 18 million to 30 million workers, and
more than 50 million if the situation
continues to deteriorate.
• The ILO report also said that in this last
scenario some 200 million workers, mostly
in developing economies, could be pushed
into extreme poverty.
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6. HOW TRAINING CAN HELP IN 6
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7. HOW TRAINING CAN HELP IN 7
FIGHTING RECESSION

8.  Instead of laying off, the employees can be
retained to get fruitful results in future.
 Cut non-performing employees to part time basis.
 Cut salary of high paid employees to make
impact on the bottom line.
 Short term layoff of high paid employees.
 Working day cut to 4 days per week.
 Job sharing
 Training lower paid employees to do higher level
work.
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FIGHTING RECESSION

9.  Training the existing human Resource and enhance their skill set
to get more revenue in other fields.
 Improve loyalty and moral of old employees.
 Improve leadership skill by training
 Encourage internal training rather then getting external training to
cut cost.
 Motivate old employees and help them match their individual
goals with organizational goals.
 Talking advantage of multi talented and skilled employees in order
to control valuable expenses. This also improves relationship with
our old valuable employees.
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FIGHTING RECESSION

10. COST EFFECTIVE METHODS OF
TRAINING TO BEAT RECESSION
MOTIVATION
 The employees should be motivated so as to link their
personal goals with the organizational goals.
 People without personal goals tend t move towards
negativity. If negativity is lock- motivation is the key
 Maslow’s theory of motivation can be of get help in this
context.
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FIGHTING RECESSION

11. COACHING AND MENTORING
 Coaching and Mentoring foresters win-win relationship
between the employer and employee.
 Helps the employee to achieve his personal goals along
with the organizational.
 It improves personal leadership of an individual.
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12. HOW TRAINING CAN HELP IN 12
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