Post recession problems.

Now finally global recession is coming to an end gradually, the progress is slow but it is there for sure. New problems are being faced by companies. The acts that helped them supposedly survive in recession now are creating problems for them. One of such problem is unavailability of sufficient talent to do the growing amount of work. Now the companies are on a hiring spree if not everywhere in the world but at least in India. This is proving to be a mind game. Companies who did not fire their employees during recession are looking down and smiling upon those who did just the opposite. Companies who felt that the extra bench strength or work force can be a burden and a wastage of a large amount of money in salaries are now realizing their mistakes. The companies I should say which were loyal to their employees not only helped themselves to retain their qualified talent pool but also made them feel happy by not not firing them at the time of economical crisis. This instilled the trust of the respective employees in the company that has and will surely benefit the companies in future too. This showed great management skill I would like to say it Trust Management :)

The effect is that the "loyal companies" (as I would personally like to quote them without showing any signs of rebellion or negative publicity towards any company surviving or bankrupt) :) have started getting new business deals and are coping to them very well. On the contrary the other companies who were not so loyal or in other words were more "Strategic :)" are having their attention a bit diverted first in trying to compete to get more business deals and secondly for hiring talent pool. These both jobs are proving to be very problematic to them now as all the talented people they fired joined elsewhere with competitive salaries and now these companies has to pay more to get them. Moreover the companies who did not fire their employees earlier has given them increment so more cutthroat condition has been created. As of now the new business is coming knocking the door so lets see how the "Strategic :)" companies cope with all this.

The moral of the story is that if we want our employees to be loyal to us and wants us to perform to meet our goals and stand for the company whenever required. Companies shall also do the same to them. The hiring shall be done to keep in mind the risk both to the company and to the employee. Lay-offs are not a sign of excellent way to get rid of recession woes but a big hole in the strategy and planning of the managements. So I hope my words will not go in vain companies will become more sensible before asking a loyal, hard working employee to leave.

Thanks for your valuable time :)