Economic Slowdown: HR News, Trends & Workplace Insights

Latest Economic Slowdown HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Economic Slowdown.

Updated on: May 2020

Coronavirus

IBM confirms global layoffs, India employees hit with it too

May 23, 2020

HCL to pay bonuses, no pay cuts, honour existing offers

IT firm, HCL has emphatically declared that despite the slowdown, and the economic impact of coronav...

Coronavirus

May 22, 2020

HCL to pay bonuses, no pay cuts, honour existing offers

Keep Employee Morale High Amidst the Downturn

From wildfires in Australia to the downward spiral of crude oil prices to COVID- outbreak ...

Economic Slowdown

Apr 21, 2020

Keep Employee Morale High Amidst the Downturn

Keeping employees engaged during the recession

Macroeconomic indicators which means production as measured by Gross Domestic Product GDP, employm...

Culture & Behaviour

Apr 20, 2020

Keeping employees engaged during the recession

Economic Slowdown

India Inc Needs Skilling, Reskilling, Upskilling in Recession

In weak economic times, firms typically focus on efficiency and put high scrutiny on hiring numbers. Hence, the young talent labor market specifically at entry levels is more likely to be at the receiving end of unemployment/temporary jobs. Essentially, there is clear evidence that shows the impact on young talent due to slowdown. Research on […]

Apr 15, 2020

Economic Slowdown

Preparing the Workforce during Global Slowdown

The present scenario on physical health across the world is of extreme precaution due to Corona Virus. Similarly, there is a growing concern on the economic health of the global economy due to the cumulative effect of various factors. The issues that continue to weigh down the global economy are trade policy uncertainty, geopolitical tensions, […]

Apr 14, 2020

Economic Slowdown

The Impact of Recession on HR Practices

No one saw the recession coming- Gordon Ramsay Very apt to understand that nobody is or can be actually fully ready as we don’t see it coming. This is where and why HR has been more predictive, intuitive and prepared to meet the need of time. It’s wise to PREPARE for worst and sail through […]

Apr 13, 2020

Economic Slowdown

HR Challenges & Opportunities in Economic Slowdown

“When the going gets tough, the tough gets going.” (When the situation becomes difficult, the strong will work harder to meet the challenge.) Today’s most vehemently conversed and the discussed subject is global ‘Economic Slowdown’; right from the security guard to the top bosses of an organization, all seem to have some opinion or other, on […]

Apr 10, 2020

Economic Slowdown

Workforce Management in Recession – HR Strategies

Being ahead with time has become a necessity in the current time. Change is taking place everywhere in our surroundings and the change has been only constant in the business. Recently in my organisation, the name of “HR department” has been changed to “People and Culture department” as we work for people and culture of […]

Apr 8, 2020

Economic Slowdown

How to Cut Business Costs During Downturn

Business upturn and downturn is a very cyclical phenomenon, but it is also a very slow phenomenon. In recent times, the kind of downturns that have taken place have largely been unpredictable – the 2000 downturn post the dot com bubble burst, 2008 economic crisis post plummeting of global banks etc. Often what is observed […]

Apr 6, 2020

Coronavirus

Coronavirus has plunged World into Recession: IMF

The coronavirus pandemic has brought the global economy to a standstill and plunged the world into a recession that will be “way worse” than the global financial crisis a decade ago, the head of the International Monetary Fund said, calling it “humanity’s darkest hour.” The IMF’s Managing Director, Kristalina Georgieva, speaking at a rare joint […]

Apr 5, 2020

Economic Slowdown

How prepared is PepsiCo for an Economic Slowdown

Exclusive Conversation with Pavitra Singh, Chief Human Resources Officer, PepsiCo India Pavitra Singh currently heads HR for PepsiCo India. With 18+ years of work experience leading large teams across geographies, she has held leadership positions across a variety of roles. From Center of excellence roles like Talent Management, L&D, Culture, D&I, Talent Acquisition to operating HR […]

Apr 4, 2020

Economic Slowdown

The Role of HR in Economic Downturn

See-saw sacred own…the downturn certainly doesn’t stay down! As I jogged in the park, my eyes fell on three kids who were playing on the see-saw in a very unique manner. While two kids were going up and down on the see-saw, the third on was precariously trying to balance the two at the same […]

Apr 3, 2020

Economic Slowdown

Leadership challenges during a downturn

Why flexible leadership overrides experience in dynamic times Leadership faces several challenges, particularly during an economic downturn. A simplistic statement but one that represents reality better than anything. In recent years, the world’s economic and political structures have been through a lot — from financial crisis to income inequality, demographic pressures, digital technology disruption, geographical shifts in […]

Apr 2, 2020

Blogosphere

Kunal Bahl: How startups can survive the COVID-19

While the disruption caused by Covid-19 pandemic is unprecedented and will likely have serious economic consequences, start-ups in India have also been experiencing headwinds in terms of a slowdown in India’s economy over the last 2-3 quarters. Many younger entrepreneurs, investors and other stakeholders have been reaching out to me over the last few weeks […]

Mar 26, 2020

Thought Leader

Dave Ulrich: Role of HR during Economic Slowdown

In an exclusive conversation with Dave Ulrich, the Rensis Likert professor of business at the Ross School of Business, University of Michigan and co-founder of The RBL Group. Dave has published over 200 articles and book chapters and over 30 books on organization, talent, leadership, and HR… He edited Human Resource Management 1990-1999, served on editorial board of 4 […]

Mar 2, 2020