When nobody is investing, invest in your people.

Given the intense speculation that another meltdown may be looming in the skies, everyone's happy basking in the shadow of liquidity. With the strings getting tighter on corporate wallets, managements are happy to put a hold on most 'unimportant' expenses. Unfortunately, these could include hiring plans, marketing budgets and training expenses. At times like these, it is the HR Manager's biggest responsibility to ensure that employees do not feel that this cloud of uncertainly is hovering over their job security. 

I had heard my mentor once say, "In times of peace, one must prepare for war". I think that such a time of peace is upon us now. It is time for us to train and look within the company. 

To ensure that this cloud does not affect employee performance, there are three things that an HR Manager should prepare to do right away:

1. Talk to all employees
• Brush away any job security concerns
• Get them in on the management's plan to battle a possible recession
2. Invest in one's people
• Ensure that employees stay engaged with the company
• Look to create the next set of leaders
• Prepare managers to ride the boom wave, when it arrives
3. Make everyone a single unit
• Connect employees through networking
• Get everyone focused on just the primary tasks at hand

While we hope for minimal impact from the recession, the least that we can do is not repeat the same mistakes that we made during the last one. The idea is very simple: battle the possible meltdown positively, as one unit, and come out stronger on the other side to take on competition.


Suhail
:peoplehood