Compensation Innovations for the Economic Downturn

Economists continue to debate whether the United States is entering a recession or already in it, but many companies and entire industry sectors are well into a recessionary business environment.

Significant reductions in business volume, write-offs of previously recorded revenue, staggering losses of shareholder value, and layoffs are occurring regardless of academic opinion. While recessions are typically announced many months after they have begun — and sometimes after they have ended — many employers are already facing recession-driven decisions.