Employees Are Worried About a Recession — Here’s How to Ease Their Minds | ASG: Staffing Agencies & Hiring Solutions

▤ Summary

And rightfully so, when more than half of workers don’t feel financially prepared for a layoff — especially when record high inflation is already impacting wallets in just about every spending scenario. That said, there are several clues economists watch out for that tie into NBER’s recession criteria, including: Despite low and steady unemployment reported in June (and almost back to pre-pandemic levels), with other economic indicators being met, it’s no wonder workers are anxiously waiting for the other shoe to drop. An agency could help provide the professional temporary labor you need for a fraction of the cost of hiring new employees, saving your HR team time and money. Many EAPs assist employees with personal and work-related issues that may impact their job performance and health (including physical, mental, and financial). When everyone is on the same page and working toward the same goal — in this case, avoiding a complete layoff — you may just find it increases employee loyalty and morale, and that’s something everyone can benefit from.

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