Economic Challenges and TrendsIt’s doubtful that the deregulation, leveraging, and globalization that drove economic growth for the previous 50 years will continue unabated. That may mean slower growth for many countries, perhaps for years. This means challenging times ahead for employers. The challenging times mean that for the foreseeable future—and even well after things turn positive—employers will be more
frugal and creative in managing their human resources than perhaps they’ve been in the past.