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As a global recession looms, people all over the world are keeping a close eye on their bank accounts. Inflation is skyrocketing, living costs are rising, and global businesses are feeling the heat. For many, that means making cuts: to programs, benefits, and even their workforces.
Difficult times such as these turn up the pressure on your people. Additional stress can lower employee morale and increase burnout rates, and job security can become a highly sensitive issue.
It’s up to managers to steer their teams through stressful times—and it’s up to HR to give managers the support, tools, and