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Companies across industries are preparing for the possible looming recession, including through re-evaluating their strategies around talent and hiring. Some companies are putting a pause on projects, and turning to automation or limiting hiring in response to the economic downturn.

According to Matt Campbell, managing director with Alvarez & Marsal Corporate Performance Improvement and Leader of the group’s Talent, Organization and People management practice, recession and growth are natural features of an economic cycle, so organizations should build agile talent strategies that are fit for both. This includes planning that incorporates testing against multiple scenarios.

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Lily Peterson

 

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