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Do the brainstorming session with your top management and contribute in their strategic planning.

A complete or partial job freeze, however, communicate to the workforce that the company many continue to recruit key individuals even in difficult times

Review the employee performance evaluations to determine the key people that company cannot afford to lose.

Flow of Communicate should be from top to down that will help in making conducive atmosphere within the organization

Make prepare yourself for individual and group concerns therefore there should be a proper counseling session.

To maintain a calm atmosphere

Review all HR policies, processes and procedures to ensure that they are purposeful and contribute directly to the success of the company.

Suppose the company has to lay-off staffs ensure that there are no other opportunities for them in other functions or divisions of the organization.

Advise managers to deal the process of managing change.

Managing Human Resources (HR) in a difficult economic environment is even more demanding than working in times of rapid growth. Therefore the task of HR is very important to maintain equilibrium throughout the hierarchy.

CONCLUSION

To sum up we can say that the global financial recession which started off as a sub-prime crisis of USA has brought all nations including India into its fold. The GDP growth rate which was around nine per cent over the last four years has slowed since the last quarter of 2008 owing to deceleration in employment, export-import, tax-GDP ratio, reduction in capital inflows and significant outflows due to economic slowdown. In India, the impact of the crisis has been deeper than what was estimated by our policy makers although it is less severe than in other emerging market economies.

Since humans are an organization's greatest assets; without them, everyday business functions such as managing cash flow, making business transactions, communicating through all forms of media, and dealing with customers could not be completed. So when we are discussing the topic of recession and recovery from recession, Human Resources Management plays a very vital role.

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