Managing the Psychological effects of Recession

Posted by Faisal Naik | Posted in Careers, HR, Management | Posted on 01-03-2009

I wonder how the subject would be treated by professionals coming to Zumbeel considering the current market situation. Whether its telecom or otherwise, nearly all the industries linked to global markets have been affected by the recent financial crunch.

Yes we have heard news and rumors at the same time, of professionals loosing their livelihood. But one way or another we as individuals do give a thought to it maybe a couple of times these days.

“What will happen in the next couple of months?”

“Will my organization consider me valuable enough to retain my services?”

“What options do I have in case my organization thinks otherwise?”

I believe at this point in time, the best way is to discuss out the situation with your line managers. Senior leaders or people from management can should explain the situation in clear simple words in town-hall meetings or other informal arrangements.

This will atleast give the best possible picture to everyone concerned and let them decide on their own the best way forward.

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