As businesses big and small struggle with high inflation and an economic downturn that may turn into a recession, recruiting and talent acquisition often gets pushed aside. Human Resources leaders are doing more with less and trying to handle the additional stresses of the times. As a result, strategizing for the future – when the economy may • Read More »
Retention Ideas in a RecessionFebruary 27, 2023 | By Cleveland Benefits Partners | No Comments | Filed in: Economy, Employee Experience, HR.
Employee engagement is the top priority of respondents to HR Exchange Network’s latest State of HR survey. Obviously, employers are keen to engage employees to increase productivity and retention. However, the economic downturn and inflation is complicating matters, and Human Resources leaders are seeking new ways to reach talent. Recently, Eric Mochnacz, strategic senior HR leader and Director • Read More »
Tags: HR, Leadership, Retention
4 Ways to Recession-Proof HRSeptember 20, 2022 | By Cleveland Benefits Partners | No Comments | Filed in: Economy, HR.
By all accounts, the United States is likely heading into a recession. Already, the country experienced two consecutive quarters of declining gross domestic product (GDP), which is a red flag. Other signs include inflation, the cooling down of venture capitalist’s investment, a declining stock market, and varying interest rates. However, a strong job market persists, which • Read More »
Tags: Employee Engagement, Recession
How Inflation Influences LayoffsJuly 15, 2022 | By Cleveland Benefits Partners | No Comments | Filed in: Economy, HR.
The United States, like some other countries around the world, including the United Kingdom and China, are facing an inflation crisis in this post-pandemic era. Inflation has great influence on Human Resources because it can cause the need for wage stagnation and budget cuts. The biggest disappointment during times of high inflation is the possibility • Read More »
Tags: Budget Cuts, Layoffs
4 Ways Inflation and Higher Costs Impact HRJune 20, 2022 | By Cleveland Benefits Partners | No Comments | Filed in: Economy, HR.
U.S. President Joe Biden recently laid out his plans to combat inflation and the high cost of living. The average family is spending an additional $327 per month compared to pre-pandemic costs, according to a CNN broadcast May 10. At the time, the national average price of gas was $4.37. While the Federal Reserve can • Read More »
Tags: Cost of Living, Inflation