Bear the Recession to convert it as a Boon

BEAR THE RECESSION TO CONVERT IT AS A BOON

When we look into the paper casually, we fount that CITY GROUP announced to retrench 52000 employees from their company to reduce 20% in their expenditure. ROYAL BANK OF SCOTLAND decided to remove 3000 employees. SUN MICRO SYSTEMS, an eminent software company, declared to reduce 18%of its employees (Nearly 6000) all over the world. GENERAL MOTORS has decided to reduce 3600 of its employees. BANK OF AMERICA announced to remove 7500 of its employees. BRITISH TELECOM planning to retrench nearly 10000 employees before March, 2009. Not only these companies, but also other companies such as Nokia Siemens Network, Volvo, American Express, Panasonic, United States Steel Corporation, DHL, Fidelity Investments, Morgan Stanley, Development Bank of Singapore, HSBC, Virgin Media, Ford, are already established plans for removal of its employees for tackling financial crisis. Always several news items are being published in various news papers about the retrenchment of employees. It is declared that in America, there is no work for 26 lakhs of people. The situation in American job market reveals that about 2,07,000 jobs in Production sector, 1,21,00 jobs in Business and Professional services, 1,11,000 jobs in Construction units, 45,000 jobs in retail companies, 28,000 jobs in Tourism Development, have been abolished. Over all in America, there are 36 lakhs of jobs have been vanished from the job Market. As per the report of the American Labour Department, the unemployment rate in America has been increased from 4.9 % to 7.6% from January, 2008 to January, 2009. All this, is the news contents published in the press daily disturbing the mental strength of the job holders through out the world in general and in our country in particular.

This is because of the affect of the Sub-Prime crisis raised in United States of America, which spread over to all countries in the world leading to the economic low-down. All the Industrial and software Sectors are reeling under the impact of the Global financial crisis. On account of the global recession, large corporate worldwide are downsizing their staff, production and expenses. Even some of the biggest companies in India, have laid off several employees. With a result of the declination of the inflation, the satiations leading to further cuts in interest rates as a result the personal financial position of almost all the individual employees affect badly.

Intellectuals and experts are telling that this crisis is not continued for ever and that the recession will definitely come to an end shortly. But off and on news are coming in the print media about the suicidal attempts being taken up by the individuals, Fund Managers, Business persons, Investors, etc., because of the intolerance and endurance of the situations arising out of the economic slow-down internationally and affecting on their personal life. Many of the employees, job holders are not in a position to bear the mental agony that has developed on account of the recession and could not cope up with the present situations arising out of the crisis and getting tormentation, mental agony, stress, pressure, and distress.

Notwithstanding the situation of Global economic slowdown, it has to be kept in mind that great opportunities exist for the individuals either employees facing retrenchments or freshers go in search for placements in job market. Imagine every individual has some basic needs like food, shelter, clothes, healthcare, travel, electricity and water. When economy is in peak high, the basics are forgotten. When it is recession, it is about going back to basics. Now it is the time for them to bend upon their mind for exploring the possibilities:-
 To surmount from the difficult situations by sustaining equanimity.
 To take up new ideas, new dimensions, new ways and means.
 To restore the old relations, connections, friendships that were ignored due to efflux of time.
 To take into account the family relations that were neglected previously
 To build up strong human relations with all the people who are around their life.
 To prosecute higher studies to get additional qualifications.
 To improve soft skills to get expertise.
 To enrich Character, Personality, Individuality, behaviour, that are additionally required for future prospects

It is an established fact that though the Global Economic crisis cause affects on all the Industrial and Manufacturing Sectors, there may not be any affect in the fields of Education and Health throughout the world, because of the fact that these Sectors are required to be developed day by day by the respective Countries/Governments in the interest of people. It is obvious on the part of the professionals, Engineers, Techies, etc., to turn their faces to search for careers in the field of Education and Health to take up opportunities not only for their continuance but also for the service of the needy in that sector. This gives self satisfaction and bearing social responsibility to serve the nation.

Not only the above, but also there are so many items of work before you to take up. When you are having qualifications in one sector / line, adjoin another qualification in the co-related sector / line. For example, if you have MBA (HRM), it is also necessary for you to learn the aspects of Financial Management, Marketing Management, Information Systems Management, Banking Management, or Retail Operations Management etc. Naturally all the soft wear employees are sedentary. It is quite necessary for them to undertake the public relations, Social Work, Rural Development, etc. They have to learn many qualities to obtain working knowledge in all corners of life to attain expertise in all the sections. Now a day, many Universities in the Country and abroad, are offering a very number of Academic Programmes, Degrees, Diplomas, Certificate Courses tailored to suit to the present day market set up, for the convenience of the job aspirants. It is better to utilize all the opportunities to enrich our knowledge and expertise for better prospects.

It is now time for building their relations and evince interest with family, relatives, friends, in all corners of the circle, to evolve affectionate understandings between the old companions, fellow workers, class mates in order to organize communion. Individuals who have been residing distantly from their parents have to return back to their parents for a while to make them happy with their presence and to give utmost satisfaction to the elders that they have been closely associated with their kith and kin. The pleasure and joy reflected in the eyes of the elders at the moment is really untold. They will feel happy with the association of their sons, daughters, son-in-laws and daughter-in-laws. All the other relatives will feel happy with them. This type of association will definitely give major satisfaction and reduce mental agony and stress.

Developing old relations with friends and neighbors, moving with close contacts with utmost fervor and affection, maintaining good harmonious relations, contacts, showing interest on them on their matters of importance, will give adequate satisfaction and mental relief to those who feel strain and stress during recession. People around us will feel happy due to immensity of your combination for strengthening and build up relations for larger interests and regular interactions. The initiative and enthusiasm created for developing internal and external relations with friends and relatives around us, may reduce the painful thoughts in our mind and create a sense of happiness and joy to forget about the demerits arising out of the feeling of recession.

Instead of thinking about the continuance of your job or otherwise, it is always better to get your thoughts diverted from that point of view and make your mind to work out for a strategic plan and Programmes for the development and enrichment of your personal relations with friends and relatives to build up confidence on you in the matters of social importance and support for family life. This will give ample satisfaction and joy in your day to day life, irrespective of the fact that you are going to be affected due to recession.