Effect of Economic Crisis on HR Programs

Watson Wyatt has just released the April 2009 update of its bimonthly report on the effect of the economic crisis on HR programs. This report provides a real sense of the trajectory of events and the underlying economy before results show up in the lagging government statistics. For example among large employers 72% have already conducted layoffs and only 5% are expecting to impose layoffs in the next 12 months. This is a reversal from October when only 19% of large employers had implemented layoffs and 26% were projecting taking action. The report can be found on the WWW website and a link is provided below. I will highlight other key findings over the next week. You can subscribe to receive these updates through a google reader or other tool on the web by using the RSS button on the right.


http://www.watsonwyatt.com/news/pdfs/HR_Programs_April_Report.pdf