White Paper – Making Tough (But Smart) Decisions in an Economic Downturn
Posted on | April 1, 2009 | Comments Off
White Paper Summary
The statistics are staggering. Total U.S. job losses of 600,000 in January, followed by 651,000 jobs lost in February. As the economy continues its downward spiral, the employment market still hasn’t yet seen the end to job shedding. Unemployment peaks after the economy has reached its bottom – not before.
Unfortunately, companies will need to continue to downsize and the unemployment rate is predicted to rise close to 9 percent by August of 2009 or even sooner. With such somber news, how will Human Resource Departments be able to make well-thought out decisions on reduction in force?
Tags: Economic downturn > HRIS > HRIS systems > reduction in force > White Paper
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