Trends in global labor market

• Globalisation
• Demographic patterns
• The increasing technological content
• Deficiencies in production of university-
trained scientists and engineers
• The entry of growing numbers of generation
Y members
 HR management in a global recession

• Utilising slack time

• Opportunistic hiring of talented individuals
• Promoting cross-divisional and cross-
functional collaboration
• Redefining and expanding spheres of
authority and responsibility
 How can HR help drive your business in a
recession?

• Reset your HR plan for lean and evolving times

• Get your team onboard; communicate it

• Identify who is key to the organization and
who is not
• Ramping up employee engagement and
productivity
 …Cntd

• Keep Recruiting

• Have a Workshare plan ready to go

• Manage Performance & Productivity levels

• Manage Total Compensation & Benefits
• Keep training your people
 …Cntd

• Appropriate your resources carefully

• Keep talking

• See and share the silver lining

• Keep up-to-date with Employment Law
• Employee Relations