Our
exceptional economic conditions
Don
Schmitz /Human
Resource Staffing
Recently,
I heard an economist presentation on the state of the economy.
He shared many things I don't begin to understand, but what
I do remember is, “These are unprecedented times. We are never
going to see things get back to normal…normal no longer exists.”
After
the conference, I kept thinking about the word, unprecedented,
and what it means to business today. I went to Answers.com
and found the following definition; having no previous
example, not the same as what was previously known or done,
exceptional, original
So
if we are in unprecedented times, how are we supposed to plan
for our future and our company's future?
Doomsayers
would say; put your money in safe investments like your mattress,
but we all know that isn't the answer. Optimists would say,
spend it like there is no tomorrow, but we've been doing that
far too long.
Somehow,
we as leaders of tomorrow's businesses have to find a new
way of doing business. We often discover the answers by reading
and listening to others. In my meetings with many highly respected
leaders of HR I am beginning to notice a change. No longer
are companies talking about layoffs. (They aren't talking
about major hiring either.) Maybe we are beginning to see
the effects of trying to balance our own budgets. Recent unemployment
numbers and the stock market support the end is near as well,
but even if we are not at the bottom, the exercise of trying
to balance our budgets is teaching us to we must change our
own economic conditions. We are all learning the lesson the
hard way; the buck stops here.
So,
where are these unprecedented times taking us? I think I'll
leave that to the futurists, but if we have learned anything
it is “There is no such thing as a free lunch” and we all
need to be held accountable for our own budgets.
This
is true for individuals and businesses.
Back to the library
Reproduction
of this article cannot be accomplished without the expressed
consent of Human Resource Staffing. Don Schmitz is a popular
speaker and writer on all aspects of HR and CEO of Human Resource
Staffing. Don holds graduate degrees in Education, Administration
and Human Development.
Contact Don@HumanResourceStaffingInc.com
952 854 6040
