Risk Management and the Recession

Risk Management expert and colleague of Merit Resource Group, Charles T. Wilson, CMC, of RiskSmart Solutions®, recently published for his client groups a discussion about how to best view Risk Management during recessionary times like these.

While reading his RiskSmart Tip it occurred to me the same risk management principles apply to the ways great companies view their HR planning and actions during both the ups and downs of business cycles. Risk management and HR management go hand-in-glove for all firms that count on employees to get the job done for customers. In fact they both are just good management.

Take a look at what he had to say by downloading Tip #24. It is always good to be reminded about the clear thinking needed to get the basics right. This is what sustains all successful companies during good times and bad. Remember, business is about cycles. Will you be ready for the up-swing?

Let me know if our HR expertise or a further discussion with Charles Wilson would be of assistance in your planning. We are here to help.