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. First is the detail that many firms, especially in Europe, have retained many of their employees as part-time employees rather than retrenching them. As growth continues, these part-time employees will be brought clog up to full time status first. New think overs will not suffer to be created until the economic growth outpaces the rising productivity caused by turning part-time employees back into full time employees. A second reason the recovery could be viewed as a jobless one is the historical precedent dance orchestra 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 economy. For example, consumer spending will not increase at a rapid rank if un employment remains high. This drag on the economy works as a negative feedback. Few new jobs mean less growth, which means new job growth, is sty mied.As a HR professional, offering insight into the job trade is a key part of your professional responsibilities. Feedback from HR professionals actually predicted this most juvenile downturn in the economy. HR professionals release a report called the Leading Indicators of National Employment (LINE). In December of 2007, the LINE report indicated that the national employment indicators had turned into negative territory. A year later the National Bureau of Economic Statistics confirmed that December of 2007 was the start of the recession.One troubling labor 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 little prospects for interruption out. Other possible ways firms or individuals may compensate for lower wages is by increa sing the amount of telecommuting. This saves on