Instep response to double-dip recession
Wed, April 25, 2012
Comments on the news that the UK is back in recession.
In response to news the UK economy has contracted, Rob Johnson, MD of Instep, said: “The knock-on effects of the news about the economy for the HR and training sector are threefold, first – businesses are less likely to recruit, which means new roles and positions becoming vacant may have to be covered by the existing team – that means businesses may need to help staff gain the additional skills required.
Secondly, staff are less likely to move jobs. They will want to stay as secure as possible so there could therefore be issues for businesses around dealing with employees who are either not content within their role, or not performing at the highest level. That means businesses will have to consider the HR processes around staff and how best to ensure staff performance and productivity.
Finally there may be general issues amongst employees around confidence and motivation. If the UK’s financial outlook is unclear, businesses may need to take steps to engage with their staff and build confidence in the performance and direction of the business.”