Tag: Recession

May 19, 2023

In 2023, we find ourselves at an inflection point in the world of work. While the rollercoaster of responding to a global pandemic has slowed, the baton of uncertainty has been passed. The workforce now faces an unpredictable economy, widespread […]

April 28, 2023

As businesses brace for the likely recession, HR teams undergo additional responsibilities. For many small to medium businesses, the economic downturn means that inevitable layoffs will come into play. For HR teams, layoffs require additional responsibility and work. They can […]

April 21, 2023

Talent management professionals have navigated 3 years of upheaval. From the sudden onset of hybrid and remote working models to major fluctuations in the labor market and the current global economic uncertainty, change has been the only constant. In addition […]

February 27, 2023

“In a recession, the first place companies like to cut is learning and development, but that’s the worst thing you can do.” So says Naveen Bhateja, CHRO at Medidata Solutions, a New York City-based technology firm. “That’s the time to […]

January 17, 2023

Most economists agree that a recession will be declared this year, and many of the largest employers in the United States have already prepared. That’s why we’ve seen mass layoffs and hiring freezes over the past six months, especially in […]

January 13, 2023

When organizations go into survival mode, their leaders often forget just how vital employer branding is to overall business health and success. This is becoming more and more evident as companies and analysts try to determine whether we are headed […]

November 17, 2022

The past couple of years have been quite chaotic for HR teams as well as managers and executives trying to keep their teams staffed with qualified employees. First, the COVID-19 pandemic triggered a widespread shift to remote work, not to […]

November 9, 2022

Quiet quitting, or the practice of employees’ doing just enough to get by without being fired, seemed to many American workers like a brilliant way to capitalize on a historically tight labor market. Rather than going the extra mile to […]

October 27, 2022

As a longtime HR professional, I’ve been on both sides of the job market: I’ve recruited for positions and been a job seeker. Over time, I’ve watched the process evolve from newspaper ads and paper applications to online job boards […]

October 24, 2022

In the face of uncertain economic outlooks, many large corporations begin quickly looking for ways to slash budgets and save money internally. One of the most common ways they try to accomplish this? By trimming their workforce. Layoffs save companies […]

August 25, 2022

While the U.S. government has yet to formally label the U.S. economic downturn, 41% of respondents to a recent survey said they feel the country is already in a recession. A Conference Board report, published on Aug. 18, analyzed the […]

August 8, 2022

A debate is raging among businesspeople, economists, and everyday families about whether the United States is in a recession. HR leaders have a great interest in this subject because of the budget planning and salary expectations of employees. The fact […]

August 1, 2022

Employers are balancing their desire for continued growth and innovation with a necessary shrewdness in light of “the uncertain business environment ahead,” according to a recently released index on in-demand skills. Scaling up HR departments seems to be top of […]

July 29, 2022

Talent acquisition has remained a top priority for HR leaders this year, and an anticipated recession may provide a boost. One-in-five workers (22%) say they are very or somewhat likely to look for a new job in the next six […]

December 30, 2019

The economy is strong. Unemployment continues to hover around 4%, the lowest it has been in decades. Yet there are growing concerns that a recession is coming. The Dow dropped 800 points in two days at the start of October […]

October 28, 2019

Economists aren’t unanimous in their predictions of an impending recession. According to the October 2019 edition of The Wall Street Journal’s Economic Forecasting Survey, 47.5% of economists surveyed predict the next recession will start in 2020. Twenty-seven percent say it […]

September 23, 2019

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 […]

August 29, 2019

Earlier this month, economists nationwide began to spread rumors that the next recession could be a lot sooner than we think, with some even applying a tangible number: within the next 22 months. Since math isn’t my forte, I won’t […]