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Economic Meltdown- HR Role by Vinod Bidwaik, Chief Manager- Corporate HR

Economic Meltdown- HR Role

By : Vinod Bidwaik, Chief Manager- Corporate HR
Activity:  5 comments  623 views  last activity : 07 06 2010 20:18:04 +0000
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Economic Meltdown.........................Stepped in.
VINOD BIDWAIK

Economic growth has gone through many changes. We all have seen good times and now some difficult times too. We can always hope for better and one should be positive, however the economic situation seems to be worst for the duration of next one year. The economic meltdown has already started. But again it is a cycle, and one should be ready to face it. 

The question, which arises, is that, as a professional, how we face the situation? Do we see it as an opportunity or as a threat?

To get some answers to this question we have asked few questions to HR professionals. The main question was as a professional how they see the economic meltdown and what are the probable ways they have thought of as to contribute to the business. 

To read more go through http://vinodtbidwaik.blogspot.com/

Thanks & Regards,
Vinod Bidwaik
Cell: 09881098272
Please visit my blog at http://vinodtbidwaik.blogspot.com/
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 Top Comment : Gargi Sinha   | 04 01 2009 13:44:05 +0000
For few the economic meltdown is a threat but I think the economic meltdown can be an opportunity to those who wants to showcase their talents. An entrepreneur can use this as an opportunity to hire the talented one from the reputed institute. ( because of employment freeze and lay off in large and reputed companies).
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5 comments on "Economic Meltdown- HR Role"
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  Commented by  Dayanand Deshpande, Senior Consultant, Ernst & Young    | 04 15 2009 08:13:38 +0000 
Hi, During the economic meltdown, the HR plays a major role in an organisation. They can be praised if an employee is not laid off or they will be cursed by many. 
The way the HR is going to handle such situation will be very critical. Its a tough time for the HR Management. Good luck to all the HR professionals.
  Commented by  Devi Kaladeen, Audit Manager, Health Sector Development Unit    | 04 03 2009 03:11:42 +0000
Rating : +1  
Good piece of reading.
  Commented by  varsha ., technical manager(QMS), frac    | 04 02 2009 18:53:00 +0000
Rating : +2  
every thing has pros and cons ... so gargi  u r right...
thanks
  Commented by  Gargi Sinha, Senior Consultant, Hewitt Associates    | 04 01 2009 13:44:05 +0000
Rating : +1  
For few the economic meltdown is a threat but I think the economic meltdown can be an opportunity to those who wants to showcase their talents.

An entrepreneur can use this as an opportunity to hire the talented one from the reputed institute. ( because of employment freeze and lay off in large and reputed companies).
  Commented by  Bellala Gopinatha Rao, Project Manager Promax Management Consultants    | 01 02 2009 15:16:46 +0000
Rating : +1  
Nice info thanks
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