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Human resource tips to help you weather the storm.
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During an economic slowdown, some business owners rush into layoffs, pay cuts, or cuts to human resource (HR) activities such as training. However, these decisions can sometimes cause a net increase in expenses and decrease in productivity for the company. This checklist covers issues related to managing human resources in a down economy and suggests some management options, several of which can and should be established prior to experiencing economic difficulties.
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