I hear a lot of talk about economic recessions and downturns. I’ll always remember a saying I heard (not sure who said it first), and to paraphrase - “economists have successfully predicted 8 of the last 3 recessions”.

Now, I’m not sure which way the economy will go in 2008 and 2009 - the latest figures show a slight growth in the last quarter. I do know, though, that like always some businesses will use whatever the economic outlook is to get stronger and others will grow weaker.

Whether you are trying to do more with less or trying to dominate by just doing more, your human resources will always play a huge role. Well selected, well trained and appropriated compensated employees will be leading the charge or holding strong while companies around you retreat. I’ve put up a new article - “Human Capital - A Positive Exchange Rate“, on our main site under the Resources - Industry Information section. Check it out.