Majority of Indian employees said the recent economic downturn was well tackled as 70% of them said they were well aware of the likelihood of downsizing in an organization, thereby helping them stay prepared.

According to staffing services firm TeamLease Services Restoration @ Workplace survey, workforce in Ahmedabad and Hyderabad appreciated their employer's efforts. Around 43% of Kolkata's employees did not face any threat from recession.

The survey findings further said that the commitment to work and good performance insulated one from any adverse extraneous conditions.

TeamLease Services Vice President, IT Sourcing Surabhi Mathur Gandhi said that "The last downturn was difficult for everybody but a huge upside has been busting the cultural myth that the Indian workforce disagrees with sharp performance management or an "eat-what-you-kill" culture.”

According to 50% of employees, the recall procedure post-recession was managed well by the organizations. Overall, 47% employees said that companies are more cautious these days while hiring a new employee and they expect more productivity even from a new joinee.

Mathur Gandhi added that "As growth comes back, companies that do not act on the realization that tolerating non performers punishes performers may have a tough time retaining talent. But business cycles are here to stay and while this does not make them easier to handle, the Indian workforce has clearly come of age or lost its innocence.”

TeamLease said that the incidence of red slips issue was higher in Pune and Delhi.

The survey, which analyzed the impact of recent economic downturn on the Indian workforce, covered 350 working professionals and 50 HR professionals across key cities in India namely New Delhi, Mumbai, Chennai, Kolkata, Bangalore, Pune, Hyderabad and Ahmedabad.

(Sourced from ET)