(049) Recession looming? How to plan for redundancies now.

The HR Cartel Podcast

The RBA has left interest rates high, and indicated we may be waiting until 2026 to see any reprieve. To quote the Great Mark Bouris - I fear this can push us into a recession. What does that mean for businesses?

Time to look ahead and assess you market and organisation - one major mitigating action is to cut costs when you feel you're looking at a dire short to medium term future. Headcount is usually the biggest expense, so it's important to get redundancy decisions right. We share a process to get your redundancy planning underway, and strategise smart redundancy decisions should your business be facing uncertainty.

Link: Get tickets here for the panel event Tim Dive where will be speaking on the future of workforce management and trends, Brisbane, 29 August 2024. https://www.coffeecommune.com.au/event/is-your-hiring-strategy-ready-for-the-future/