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Showing posts from August 10, 2017

How Recession Affects the Human Resource Policy?

We have not even crossed a full five year after facing one of the most crushing economic recessions in the preceding decades. We have seen huge lay offs, shrinking employee strength and business establishments in various large corporations and huge bearing of these depressive factors on the gross social psychology and buying culture of people. Nevertheless these factors on various social and economic layers can be observed in the internal work atmosphere of business establishments also and human resource being the department looking after the issues relating to employees and staffs has passed through one of the most trying times. How recession affects the human resource policy can be observed from various levels of employee management, retention and recruitment policies and compensation policy. How recession forced companies and various organizations to make serious changes in their components of human resource policy, we will introduce here catego…