There are several ways to encourage work-life balance during recession. Management support for work-life balance is critical, and it must come from the top. Too often, the perception that hard work is the only way to rise in a company keeps employees at the grindstone. Setting priorities allows workers to schedule tasks over a reasonable period of time. Job sharing can keep two valuable employees busy while reducing work-related stress. Therefore, global recession has to be managed and many strategies have to be adopted to maintain work-life balance.

The global credit crunch and resulting economic recession are just the latest of a series of challenges faced by business owners and employees. The demands on business owners and employees have grown exponentially in the last decade. Recession describes the reduction of a country's gross domestic product for at least two quarters. This article highlights about the work-life balance during the period of reduced economic activity. More people are moving beyond the traditional "all or nothing" choice about whether or not to work when they experience a major work-life transition as a result of the economic crisis. Out of necessity, more retirees are `working' in retirement; more mothers are seeking alternatives to opting out; and eldercare providers are trying creative ways to work and share responsibilities. Therefore, the global recession plays a vital role in work-life balance.

Today, workspace spans across the globe and the new mantra of firms is to create a global workforceas for many organizations work involves traveling across the globe, and interacting with diverse cultures. So understanding and appreciating cultural differences, communication, personal care, social etiquette, business ethics at various places is important. Now recession has caught the global economy by its throat. So strong is the grip that the employees have to utilize these opportunities in an effective manner and face the challenges which can bring about a bloom to both employees and employers.

Today, as organizations diversify their businesses into global markets, cross-cultural training and orientation for employees has become an integral part of the HR agenda. With the growing knowledge of different cultures, the advent of global economy has changed the way we work. One of the crucial changes that happened because of this is the need for effective communication across various cultures and boundaries. "Cross-cultural competency is valued highly in today's business environment where an associate has to deal with multicultural customers and colleagues. In such an environment, the associate needs to correctly identify, and react to people, incidences or situations arising out of cultural differences." A diverse mix of employees has become a business imperative for companies as it helps to create a workforce that reflects the market place and helps them understand their customers better.

MBA Review Magazine, Economic Recession, Global Recession, Domestic Products, Economic Crisis, Social Etiquette, Business Ethics, Global Markets, Cross-cultural Competency, Business Environment, Global Economy, Conflict Management, Business Development, Financial Models.