Claire Arnold of Maxxim Consulting looks for some benefit for HR professionals from the recession.
What can HR learn from the downturn?
- Part 1 | Part
2
Claire Arnold: moving to a lean corporate
centre delivers cost efficiencies and ensures process
and people effectiveness
The economic downturn that began with the credit crunch of
2007 will surely be remembered as one of the more unusual
phases of the economic cycle.
In previous downturns, interest rates went up, but businesses
could still borrow (though it was expensive to do so). However,
in this credit crunch, interest rates have been at all-time
lows, products have been cheaper, and deflation has been highlighted
as a key threat to many developed economies.
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