The May 2009 edition of Harvard Business Review includes an article on, “The Definitive Guide to Recruiting in Good Times and Bad.” The authors point out that during a downturn smart and able companies prepare a hiring strategy to anticipate the needs of the future. Most other companies don’t:

History will again repeat itself. Even now, before the recession lifts, our research suggests that most global companies are running into staffing problems in emerging markets, and they are also having a difficult time finding talented younger managers to replace baby boom retirees. These problems will be made all the worse because, we’ve found, current hiring practices are haphazard at best and ineffective at worst. And even when companies find the right people, they have difficulty retaining them.

Bev Kaye’s webinar on May 20 focuses on the bottom-line reasons for keeping your best people engaged now, during the downturn, or risk losing them later. 

Finally, a note on the possible pandemic emerging from Mexico. Like the 2008-2009 financial crisis, environmental concerns, and the SARS epidemic of 2002, we now have another illustration of the reality of globalization. The suddenness of the impact on financial, trade, and tourism markets is startling. Upcoming presenter, FG Ghadar includes “disease” as one of the 12 categories he discusses in his book, “Global Tectonics.”