Artwork for podcast HR Rescue: Human Resource Solutions for Small Business
S06E01 - HR Rescue: How to Prepare for a Recession and It's Impact Durning the Coronavirus Pandemic
3rd April 2020 • HR Rescue: Human Resource Solutions for Small Business • Jenni Stone
00:00:00 00:11:53

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It is too early to know the full implications of the coronavirus (COVID-19) pandemic, but most experts are in agreement that the economy is headed for a serious downturn. Proactive, advance planning by HR can help businesses weather the worst of the storm while preserving as many jobs as possible.

A recession is a difficult time for an employer, both financially and emotionally. When hard choices need to be made that affect the lives of many people, a head-in-the-sand approach serves neither the business nor its employees. In this episode HR expert Jenni Stone shares five practical steps businesses can take to reduce costs, maximize opportunities and ensure all resources are used to maximum effect in preparation for a possible recession.

Thank you for listening to this podcast. We will continue to keep you updated on the changing landscape of Human Resources and address any topic area you wish to learn more about regarding HR and HR Compliance. Please leave a comment below as we value your feedback or if you have an HR question ask and we just might make your question our next podcast!

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