HRM: The Impact of Recession on Recruitment of Manufacturing Industries in India

Abstract

The recession has affected the market on a huge scale. There is a lot of unemployment, rise in prices of houses; decrease in GDP rate is also observed. The banks are into huge losses and are facing financial crises. The study is focused on the impact of recession and to know the reasons behind the problem of recession as well as impact of recession on the manufacturing industry. The data has been collected from secondary source from journals and internet. A critical analysis is done from the data collected. The objective was to know the recruitment challenges faced by the manufacturing industries by the problem of recession. The paper concludes that recession has brought a lot of unemployment threats and skills set required for any position. This recession has affected the manufacturing industry as well as a lot of different industries as well.