1. HOW TRAINING CAN HELP IN 1
FIGHTING RECESSION

2.  INTRODUCTION TO RECESSION
 EFFECTS OF RECESSION
 UNEMPLOYMENT
 LAYOFF VS RETENTION
 TRAINING TO BEAT RECESSION
 OTHER COST EFFECTIVE METHODS OF TRAINING:
(a) MOTIVATION
(b) COACHING & MENTORING
HOW TRAINING CAN HELP IN 2
FIGHTING RECESSION

3. DEFINITION:
 In economics, the term recession describes the reduction of a
country's gross domestic product(GDP) for at least two quarters. The usual
dictionary definition is "a period of reduced economic activity", a business
cycle contraction.
 The US-based National Bureau of Economic Research (NBER)
defines economic recession as: "a significant decline in the economic activity
spread across the country, lasting more than a few months, normally visible
in real GDP growth, real personal income, employment (non-farm payrolls),
industrial production, and wholesale-retail sales.”
HOW TRAINING CAN HELP IN 3
FIGHTING RECESSION

4. CAUSES OF RECESSION:
 Currency crisis
 Energy crisis
 War
 Under consumption
 Overproduction
 Financial crisis
EFFECTS OF RECESSION:
 Bankruptcies
 Credit crunches
 Deflation (or disinflation)
 Foreclosures
 Unemployment
HOW TRAINING CAN HELP IN 4
FIGHTING RECESSION

5. • According to ILO, global unemployment in
2009 could increase over 2007 by a range
of 18 million to 30 million workers, and
more than 50 million if the situation
continues to deteriorate.
• The ILO report also said that in this last
scenario some 200 million workers, mostly
in developing economies, could be pushed
into extreme poverty.
HOW TRAINING CAN HELP IN 5
FIGHTING RECESSION

6. HOW TRAINING CAN HELP IN 6
FIGHTING RECESSION

7. HOW TRAINING CAN HELP IN 7
FIGHTING RECESSION

8.  Instead of laying off, the employees can be
retained to get fruitful results in future.
 Cut non-performing employees to part time basis.
 Cut salary of high paid employees to make
impact on the bottom line.
 Short term layoff of high paid employees.
 Working day cut to 4 days per week.
 Job sharing
 Training lower paid employees to do higher level
work.
HOW TRAINING CAN HELP IN 8
FIGHTING RECESSION

9.  Training the existing human Resource and enhance their skill set
to get more revenue in other fields.
 Improve loyalty and moral of old employees.
 Improve leadership skill by training
 Encourage internal training rather then getting external training to
cut cost.
 Motivate old employees and help them match their individual
goals with organizational goals.
 Talking advantage of multi talented and skilled employees in order
to control valuable expenses. This also improves relationship with
our old valuable employees.
HOW TRAINING CAN HELP IN 9
FIGHTING RECESSION

10. COST EFFECTIVE METHODS OF
TRAINING TO BEAT RECESSION
MOTIVATION
 The employees should be motivated so as to link their
personal goals with the organizational goals.
 People without personal goals tend t move towards
negativity. If negativity is lock- motivation is the key
 Maslow’s theory of motivation can be of get help in this
context.
HOW TRAINING CAN HELP IN 10
FIGHTING RECESSION

11. COACHING AND MENTORING
 Coaching and Mentoring foresters win-win relationship
between the employer and employee.
 Helps the employee to achieve his personal goals along
with the organizational.
 It improves personal leadership of an individual.
HOW TRAINING CAN HELP IN 11
FIGHTING RECESSION

12. HOW TRAINING CAN HELP IN 12
FIGHTING RECESSION