Quote:
Originally Posted by RichaRaiNidhi
Dear All,
the case is as under....
In ABC pvt. ltd. the atmosphere is tensed......employees are tensed on the outcome of the long discussions in the conference room......all impacts on the fate of the meeting.....HR team is a part of it and will announce their action plan with the commencement of the same....
ABC is a subsidiary of a multinational firm whrein due to the 'Global Economic Crisis' .....company has decided to file in for bankruptcy.....
In such a case the subsidiary in india would be effected as the closure of the company would lead to loss of jobs at ABC....
In such situations what should be the initial steps from the HR team of the company...
Regards
Nidhi
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Interesting one....Adding few other points too related to HR's role in recession
First of all, in this information age, the access to information is very fast and often misleading- leading to panic and negative hype. So first thing the HR needs to take care is communicating effectively and well before the employees get info from another source. This would help maintain a healthy environment based on trust.
Secondly, the HR needs to access how much the changes in its parent arm going to affect the local arm. It could be that local arm is isolated or unharmed by changes abroad.
Thirdly, based on the above analysis, it needs to have a fair strategy to deal with the issue in hand- and this is easier said than done. HR might need to take tough decisions to downsize, but how and when is what needs to be planned properly.
At the same time, HR can't always be pro-company and anti-employees- management needs to understand that after some time the downturn is going to end and the company image then would matter for its growth ahead
Fourthly, HR can also see if there is some oppurtunity in the recession times. For example, lot of NRIs now wan't to relocate to India- and in this way some expert professionals can be a part of a company who would have otherwise been out of reach