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Is your organisation acting like
a scrooge and cutting costs? Is it limiting wage hikes and taking away
perks? Is it introducing measures to save a penny here and a penny there
in the bills? If that is the case, your organisation may be one of
those contributing to the continuation of the 'Great Recession'.
Somewhere
in the year 2008, the global economy went into a recession like one
that the world had never seen before. Yes, the Great Depression of the
30s was 'great' but it wasn't global, the impact was limited to Europe
and to some extent to the Americas. But what happened this time was
truly global. Some of the leading investment banks of the western world
had to be sold off. The governments had to step in to protect the
leading financial organisations of their countries using the taxpayers'
money. There were widespread layoffs across the world. There was a
global recruitment freeze and even MBAs from the top business schools
could not get jobs matching their profiles.
What was the reason behind all this? Experts gave their narratives which... Read more>>
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