The event started with the welcome speech by Dr. J. K. Goyal, Director, JIMS. The panelists were asked to share their views on the difficult situations faced by HR managers. On one hand, they were confronted with the devil of falling profits; on the other hand, they found themselves in the deep sea of retrenchments. Mr. Priyo Roop Guha said that his company was adopting VRS and reduction in salary as the options. Mr. Deepak Behl emphasized the need to increase the communication between employer and the employee. He also wanted to encourage employee participation and contribution. Ms Sucharita Dwivedi said that these recessionary times were the most opportune to attract talent in public sector undertakings.

The moderator, Dr. J. K. Jain, summarized the whole proceeding in an excellent manner. He emphasized on the need to keep employee morale high in these times. At the end of the event, a brief note and the mementoes were presented by Prof. R. P. Maheshwari, Director General, JIMS. The vote of thanks was proposed by Prof. S. C. Kapoor.