Bracing Up for Recession 2020: What CHROs Should Do

In the wake of COVID-19, know how CHROs can come out stronger, work on new strategic hiring plans, improve workforce productivity, lessen mass layoffs, and encourage staff retention.

Stock prices taking a downward plunge. Mass-scale layoffs. Businesses shutting shop. Home prices plummeting. The economy slowing down.

What does it tell you?

We are heading toward another soul-crushing recession.

There, I’ve said it now.

With crowd-associated economic activity contracting practically everywhere in the face of COVID-19 jangling global supply chains, we are witnessing the clocks turning back to 2008.

Forecast of A Deeper Recession with Widespread Global Insolvency

President Trump’s trade conflicts. Europe and China decelerating. Industrial production flattening globally. Brexit uncertainty.

What was already en route since 2019 was simply fast-tracked during the months of the pandemic.

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