Operating in an Economic Slowdown
U.S. economic growth has slowed dramatically. If history holds true, other countries are likely to feel the aftershock of a U.S. downturn. Mercer has extensive experience working with clients to blunt a slowdown's impact on business success. In human capital terms, this involves companies taking the right steps to ensure that compensation, benefits, and talent management programs motivate and improve the productivity of current employees, while attracting new talent. This is confirmed by a U.S. Mercer survey that found many US companies staying the course with their human capital strategies, despite economic uncertainty (see pdf below). Indeed, one of the surveys key findings is that, at many companies, recruiting and retaining the best talent remains, for now, unaffected by the economic slowdown.
