HR Magazine Article Summary Essay Example | Topics and Well Written Essays - 500 words

HR Magazine Article Summary - Essay ExampleThere are a few reasons this could happen. front is the fact that many firms, especially in Europe, have retained many of their employees as part-time employees quite an than retrenching them. As growth continues, these part-time employees will be brought back to full time status first. unexampled jobs will not begin to be created until the stinting growth outpaces the rising productivity caused by bout part-time employees back into full time employees. A second reason the recovery could be viewed as a jobless one is the historical precedent set by the recovery from the 1991 recession. What economists found is that the economic recovery was slowed because jobs lagged behind other sectors of the economic system. For example, consumer spending will not increase at a speedy post if unemployment remains high. This drag on the economy works as a negative feedback. a couple of(prenominal) new jobs mean less growth, which means new job growt h, is stymied.As a HR professional, go insight into the job market is a key part of your professional responsibilities. Feedback from HR professionals actually predicted this nearly recent downturn in the economy. HR professionals release a report called the Leading Indicators of National enjoyment (LINE). In December of 2007, the LINE report indicated that the national employment indicators had turned into negative territory. A course of instruction later the National Bureau of Economic Statistics confirmed that December of 2007 was the start of the recession.One troubling compass market report being gathered by HR professionals deals with wage trends. Due to the high rate of unemployment, many HR professionals feel that wages will begin to trend lower, even as the broader economy recovers. This could lead to a lost generation of young employees being stuck in low wage jobs with unforesightful prospects for breaking out. Other possible ways firms or individuals may compensate for lower wages is by increasing the amount of telecommuting. This saves on