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As the years ends with anxiety about a looming recession in 2023, human resources professionals in the United States might be able to take a cue or two from their counterparts in the UK and Ireland.
A recent survey by London-based Cezanne HR Limited indicated that a vast majority (80%) of 500 HR managers, line managers, and senior leaders in a broad mix of private industries in the UK and Ireland believe a recession will drive high turnover rates. What's more, nearly three-quarters of them say their employees have expressed concerns about how a recession would impact their jobs — including potential redundancies, wage freezes, and increased pressure on performance or efficiency.
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