| Jobs were cut down and economies fell. Still few | | | | the farmers or manufacturers did see a downturn in |
| industries wee standing still to face and positively | | | | their financial status within few past years. |
| change the circumstances. Many manpower | | | | Besides, the Construction industry did its best to sustain |
| consultants tried their level best to retain a good | | | | this crisis driven situation and come out of it proud and |
| position in the market by capturing orders through | | | | clear. If we consider the facts, we would find that |
| those though companies but, a handful of them | | | | most investors and builders were hopeful between the |
| succeeded. A capable recruitment agency could only | | | | time frame of 2001 and 2007 by the upcoming |
| understand the needs of such companies and cater | | | | residential projects they had in hand. The commercial |
| them with apt talent. Finding those defensive and tough | | | | property rates and other real estate assets were not |
| companies was another challenge for the manpower | | | | that far from profit line. Though they too faced a less |
| consultants. | | | | margin of success as compared to their previous |
| It crafts sense that, as financial statements felt the | | | | investments and returns but, since the profit margin |
| strain of an economic downfall, people revolved | | | | was huge thus, they were successful in beating the |
| around industries that offered them the most for the | | | | hard hit recession. Engineering sectors including civil, |
| least. FMCG industries would anyhow do better for the | | | | mechanical and electrical jobs were also affected by |
| constant use and demand of consumer durables. | | | | this situation. |
| Besides, the retail markets and distributors were no far | | | | Jobs were cut no doubt and those who sustained |
| from churning out a good output even in the financial | | | | experienced a tough time. Thus, it was a major |
| crisis situation. Though they sold goods at a less profit | | | | responsibility of the respective manpower consultants |
| margin on the basic food essentials however, we | | | | or recruitment agencies to hunt the right talent for a |
| cannot say that they faced loss anyhow. However, | | | | stable company in their respective work sectors. |