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THE GLOBAL ECONOMIC RECESSION: IMPACT AND STRATEGIES FOR HUMAN RESOURCES MANAGEMENT IN NIGERIA

ABSTRACT

The global economic and financial crisis has sent Tsunami ripples and wave shocks across the different socio– economic and political institutions in the present global environment. Tension is mounting everywhere as job cuts are on the increase, while many global corporate organizations are shutting down their operations and a few are declaring bankruptcy. Human resource management expert in Nigeria are befuddled as to how the human resource element in the industry is to perform in the wake of the global financial meltdown. Therefore, this paper examines the nexus between economic recession and human resource planning.                         

Keywords: Economic Recession, Human resource management, Unemployment.

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