Recession Planning for Employees

CEOs interviewed by Price Waterhouse Coopers in their 11th annual survey of CEO economic confidence indicate the lowest confidence figures in continued business growth since 2003 in North America (35%) and Western Europe (44%). In North America, this figure is down from 53% last year. In the Asia Pacific, Latin America, and Central and Eastern Europe, CEOs indicate much greater confidence in continued economic expansion and business growth.

Given the downward spiral of CEOs' confidence in the United States and with all of the talk about a potential recession in the U.S. and Western Europe these days, what have you done in your company or department to plan for the possibility that the downturn becomes more severe and impacts your employees? These are some of the actions I am thinking about in recession planning for employees, for your Human Resources department and other departments within your business, perhaps for your whole company, if recession looms.

Quote of the Week - More Quotes

"As long as a man stands in his own way, everything seems to be in his way." --Ralph Waldo Emerson

Carnival of Human Resources #39

Visit the newest Human Resources Carnival at the HR Capitalist. Lots of good reading available there.

Read: More Blog Posts | All Topics | Most Popular