Does recession affect talent ?

[maverick_playboy]

welll talent is in no way affected bu recession ....

 

[maverick_playboy]

its jus that the talent gets demotivated because of recession and the overall performance of the industry is alaways less than the expecttation

 

[maverick_playboy]

but patience is the key factor which is been tested all the time ...

 

[maverick_playboy]

and true its just the matter of time .... you just need to be optimistic

 

[maverick_playboy]

because pecimissim hampers personal as well overall growth

 

[maverick_playboy]

well 1 area where talent is affected is in packages that the talent is worth off

 

[maverick_playboy]

as in they are been not been paid as per their worth .... this is where recession has its affect

 

[maverick_playboy]

another way to fight it is continously keep on innovating .....

 

[maverick_playboy]

and innovation is only possible if you have good work force talent

 

[snehanair]

No recession doesnot reflect talent in any way..

 

[maverick_playboy]

companies prefer recruiting employees who are good enough and who accept a lower CTC therefore genrally recession effects talent..... this statement is true

 

[abc123_1984]

when you pay peanuts, you will get monkeys is a nice quote. companies should be smart in making choices and pay for the best talent to retain them..

Disillusionment would def exist and this might defer plans of many good guys...

 

[ikriskt]

I think yes.
it depends on lot of factors like talent maturity, socio-economic condition and available alternatives.
We should accept that talent needs to be nurtured and right environment does not exist, few of talent might get wasted. Yes of course not all.

Thanks

 

[kapil dhingra]

plus its a huge de-motivator for new talent

 

[maverick_playboy]

but its a great dillema for the companies too wether to go in for best of talent or cheap labour .....

 

[maverick_playboy]

but certainly my call on this would be to acquire as much talent as possible mainly cos of two reasons .....
1. cheap labour
2. they pump in new ideas which may certainly improve the situation from here rather than getting worse

 

[maverick_playboy]

and this is again a major area where you plan out for major cost saving in future .... as in you getting the best of talent at half the cost ......

 

[maverick_playboy]

certainly no ways about it that its a demotivator for the talent but even they are left with no option but to accept whatever they get .....

 

[preetish]

Recession can never hamper talent.Only thing it can only give limited scope.With talent any one can be a freelance .

 

[nirav.katrodia]

Its true tht recession in India is just a psychological effect, but the conditions will be tend to become worse for us if this thing continues on for long.
Management Students should now start opting for entrepreneurship as the NEXT BEST OPTION as things are pretty damn clear that this phase is to last for some more time atleast, and for the economy to recover it will take another year or so..

Guys should read "STAY HUNGRY STAY FOOLISH" and get inspired...