Thus, workers are most likely systematically to update and enhance their job skills if their employer views training them as a sound business investment. This is more likely to occur if the worker is expected or encouraged by personnel practices to remain with the firm for an extended period of time. Moreover, firms are more likely to implement flexible forms of work organisation successfully if these initiatives are combined with intensive training and improved job security. In sum, both firms and workers have to become more adaptable and flexible the onus is on both partners in the employment marriage. Many workers would accept changes in pay practices and working conditions so long as they had a voice in these decisions.
Growth is still generally good and fears of a recession are exaggerated.
A mild short-term dip in the U.S. is likely, but other economies, particularly in Europe, will perform well. A recession, if it comes, will be severe and global. Current results Previous results All rights reserved.