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HR Support in Turbulent Times: Strategies for Survival and Growth

Explore HR strategies to survive economic crises, retain key employees, and optimize productivity in turbulent times. Learn from industry-specific challenges and effective cost-saving projects.

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HR Support in Turbulent Times: Strategies for Survival and Growth

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  1. HR Support in Turbulent Times Bangalore, 28-November 2012 Attrition Analysis – Jan to Dec 2010

  2. The Business Turbulence • Industry Specific • Certain Market / Area Specific • Political uncertainty • High Inflation • Economic Crisis 1 HR Support in Turbulent Times

  3. What Companies will look for.... • Survival - most critical • Retaining Key Customers & Market Share • Retaining Key and Potential employees, whose help will be effective • Explore untapped Business opportunities / Alternate source of revenue • Improve Productivity & Efficiency • Rationalize the expenses • Cost saving projects • Control Fixed Cost • Maintain Profitability and Growth rate 2 HR Support in Turbulent Times

  4. HR Support • Retaining & Motivating Key and Potential employees • Improve communication level • Be transparent in dealing with people issues • Respect employees: Be sensitive to their needs, goals and expectations. They will understand organization's limitations • Time to improve employees competences • Maintain Accountability: Increase employees’ commitment • Develop Multi-skilling • Regular feedback • Explore ways and means to improve productivity without cutting jobs • Check performance level and weed out poor performers 3 HR Support in Turbulent Times

  5. Turbulent times in Cement Industry • Slow growth of Infrastructure • Excess supply and higher capacity • Price under severe pressure • Political uncertainty and slow in decision making • Unhealthy competition 4 HR Support in Turbulent Times

  6. HR Support during these times.... • Different problems in handling different categories of employees. • Blue collar: Excess manpower, lower productivity and political pressure. • Launched multi-skilling training and identified the ways to trim manpower. • White collar: Retaining key talents big challenge • Launched various schemes to improve retention. • Support for various productivity and cost saving initiatives... Like Alternate fuels. • Help to stay afloat. 5 HR Support in Turbulent Times

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