When it comes to predicting a recession, the answer is never obvious. Because the market has unexpectedly collapsed in the past, HR professionals should already be in planning mode. If your employees start asking and you don’t have a solid strategy, it’s too late.
Be Consistent, Transparent, and Open
It is never a bad idea to evaluate your organizational structure to ensure you’re operating efficiently and effectively. A significant element of effective business operations is having a culture that is open and transparent.