With recession now confirmed for the first time since 2001 in the US – India’s largest market for goods and services – the industry and economists are worried alike, particularly over its impact on exports and stock markets.(source from the internet)
This is viral and it takes just seconds to affect Indian industries. Our industries under this cover of recession will start garb employees without any rational.
It’s important to consult the HR and Research team to understand the internal competency threat it could build. If any company wants to layoff it must do a 360 degree feedback on mid-level and one level below it. This will ensure the companies that they don’t lose competent people.
Since 360 Degree Feedback is a system in which employees receive anonymous and confidential feedback from the peers and subordinates. Most often a mixture of about eight to twelve people fills out an anonymous online feedback form that asks questions covering a broad range of competencies at workplace. The feedback forms include questions that are measured on a rating scale and also ask raters to provide written comments which could be later analyzed for better understanding of leadership patterns existing.
Management thinkers and talent harvesters think about this and get into actions. This will help them to re-build the organization faster and safer.
You are free to post your views on this!!!
2 Comments
January 18, 2009 at 6:13 am
thanx sir for this topic ,it is very valuable for us…….
January 29, 2009 at 3:47 am
its really help us to update our knowledge