Economic Slowdown: HR News, Trends & Workplace Insights

Explore the latest Economic Slowdown news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.

Updated on: Feb 2023
How Can HRs be Prepared for a Recession in India?
Economic Slowdown

How Can HRs be Prepared for a Recession in India?

Though it’s not uncommon to hear the predictions of a worldwide recession, it is also true that India is considered to be one of the most resilient economies when it comes to recession. Simply put, recession means an economic decline for a few consecutive months, thereby adversely impacting businesses, real GDP, sales, and consumer sentiment. […]

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Winning Talent Management Strategies During Global Downturn
Economic Slowdown

Winning Talent Management Strategies During Global Downturn

The Job Demands-Resources (JD-R) Model by Arnold Bakker and Evangelia Demerouti has always fascinated me. People will be engaged when Job Demands i.e., an emotionally, mentally, or physically demanding job, job complexity, and work pressure are compensated with a similar (or higher) level of Job Resources i.e., autonomy, performance feedback, social support, coaching, relevant knowledge. […]

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Talent Strategy at Thomas Cook during Downturn
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Talent Strategy at Thomas Cook during Downturn

In the last two years, the global economy grappled with the most severe and unprecedented pandemic. The biggest challenge for companies in this situation was to survive and remain competitive. All organizations big and small looked at various models and methods to tide over the crisis and reorganized and reengineered their processes. Recession poses the […]

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Role of HR Communication in Times of Economic Uncertainty
Economic Slowdown

Role of HR Communication in Times of Economic Uncertainty

Just when we believed the world was settling down to a semblance of normalcy after the Covid crisis and the Russian crisis, we were re-introduced to the depressing R(recession) -word. A recent McKinney quarterly survey spoke about a bleak economic outlook for the second half of 2022. Coming on the heels of a long phase […]

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Seeking Certainty in an Uncertain World
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Seeking Certainty in an Uncertain World

Inflation? Recession? COVID variants? Hybrid work? Political upheavals? Natural disasters? Technology/AI disruptions? Social trends and injustices? These contextual trends are only a few of the uncertainties that persist in personal and professional lives. For senior HR professionals to create value, they need to respond to these contextual changes to turn uncertainties from threats to opportunities. […]

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The Impact of Global Recession on India’s Job Market in FY23
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The Impact of Global Recession on India’s Job Market in FY23

Impact? It is all probable; no direct or indirect correlation would be justifiable at this juncture. The projection frames that the United States might tip into recession. India is at a phase where the emphasis is on moderating policies around inflation control which help will hold India at a considerably better level than other countries […]

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S.V. Nathan on Impact of US Recession on Indian Job Market
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S.V. Nathan on Impact of US Recession on Indian Job Market

In Conversation with S.V. Nathan, Partner, and Chief Talent Officer, Deloitte India on Impact of US Recession on Indian Job Market S.V. Nathan has over three decades of experience in HR management, across diverse industries including Manufacturing, Hospitality, IT, Telecom, and Professional Services. He is a respected voice of the HR profession in India, […]

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Leading in a Slowing Economy
Economic Slowdown

Leading in a Slowing Economy

As per the World Economic Outlook published by IMF, the global growth is projected to slow down from an estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023 and the trend is expected to follow in the medium term. After more than two years of the pandemic, the war in Ukraine and […]

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Role of CHROs in Economic Downturn
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Role of CHROs in Economic Downturn

The chief human resources officer (CHRO) and other HR professionals now play a more important role in helping CEOs manage workers now more than ever because of the issues of the pandemic and the economic downturn that has impacted businesses. This has given the perfect storm of cultural change, employee stress, business problem, and opportunity. […]

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