ther day, you can see news of IT firms downsizing employees. This is hard reality in countries like India where job security is associated with the work life. It is not the question of you being a performer or non-performer, but the question of available business and required resources.
One should not get de-motivated or depressed by these events in life. In western countries, job hoping is a regular feature in life cycle but in India we are yet to get accosted to this. If you happen to face this, take it bravely and face the challenges. Cross skill will help you during this time.
If you can't guarantee people's jobs and you have to let some of them go, make an effort to help them along: free training, introductions to job agencies, recommendations to other companies that may be hiring. This is going to motivate those who are staying, because they will see you as an employer who cares and goes the extra mile, even in a bad situation.
TRAINING METHODS THAT CAN BE USEFUL IN RECESSION PERIOD
Training methods that are useful in recession period is on the job method because it reduces cost and also reduce the training time and employee can directly learn by persuing his job so it will be beneficial for the organization to use on the job methods. Comapnies can use training methods like
Orientations
job instruction
Technical training
apprenticeships
internships and assistantships
job rotation and coaching
Training also improves employee loyalty. It shows your employees that you are investing in them - that you believe in them - and they will return the favor. When you provide training, your employees' morale and confidence are elevated. When employee morale is up, the work environment is better, fewer errors are made and more work is accomplished. The other useful training methods are as following:
webinars and podcasts: these are free. Most cost less than off-site conferences. In addition, there are no travel expenses or time away from the office to incur with e-learning.
E-learning allows your employees to build their skills - from the convenience of their home or office and often whenever they choose. It gives them ultimate flexibility.
Employees motivation: should motivate the employees so that they can do their work more efficiently.
Time management: they should tell about the time management so that they can do more work in less time and there can be more productivity that can reduce total cost.
Stress management: They should be given some classes to tell them how to be stress free and how to do their work without burden or should be given some refreshments so that they can be stress free.
With the global economic recession, you may have to make drastic changes to stay afloat. However, keep in mind that employee training is still very important and can be cost-effective. The long-term results of investing in your employees during this time are immeasurable.
CONCLUSION
After analysing all the training methods of wipro and infosys during recession, before recession and after recession period we come to know the following main findings
The training methods were different before recession in both wipro and infosys. Companies use to give training to employees in t
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