Credit: See More/Adobe Stock

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.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lily Peterson



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.