<p>At the time of writing, the business world is currently recovering from a recession that struck globally in the late 2008. The financial crisis brought many consequences, not least in the labor market. In meantime, media is reporting of the increasing trends of companies outsourcing their employment needs, by using staffing companies. Could it be that there is a correlation between the recession and the companies’ choices to do so?</p><p>By revising literature on the topic we have found that the companies need for flexibility seem to be their main reason for using staffing companies. We have also come to review the first reports on the current increase of staffing company use in the US claimed to be caused by the current recession. Regarding the recession, we have come to find that it does have a structural impact on the labor market according to literature. An impact, that many claims is not temporary, but is here to stay.</p><p>We have departed from retroduction with a touch of abduction when investigating our research problem. In practice, we have conducted a study based on surveys where we have asked 37 people in managerial positions at the top 100 largest employers in Sweden about their views on the recession and their attitudes towards the staffing industry. In addition, we have conducted an interview with a manager from a staffing company in Sweden to get another view on the use of staffing companies.</p><p>The findings of this study include; even though several references in this paper forecast rapid growth during times of expansion for the staffing companies, this is not reflected within the responses in our sample. The companies perceive the situation of temporary staff as being better than what some theory suggests. There is reason to suggest that large companies that use staffing companies are moving towards a permanent need of temporary labor, and the respondent of such companies generally perceive staffing companies as a good option for mitigating labor-associated risks.</p><p>It is difficult to draw definite conclusions based on our findings. We have opted to give the reader some insight as to how the companies perceive the staffing industry, and how a manager of a staffing company perceives its current state. We would like to encourage further research to use the questions and suggestions raised in our paper to conduct tests in the area of temporary staffing from a corporate perspective to nourish the debate in the society with a scientific point of view.</p>

<p>Under en lågkonjunktur använder sig många företag av varsel och uppsägningar som ett sätt att minska kostnader och möta en vikande efterfrågan. Dessa uppsägningar innebär en förändring vilket är något som ofta möts av motstånd. I den här uppsatsen belyses de problem en ledare ställs inför i samband med en förändring som innebär uppsägningar och hur de har valt att genomföra dem.</p><p>Syftet med den här uppsatsen är att beskriva hur tre ledare i tre olika organisationer genomför uppsägningar som sker till följd av arbetsbrist.</p><p>En kvalitativ metod har använts där vi genomfört tre halvstrukturerade intervjuer med ledare som haft insyn i beslutsprocessen från varsel fram till uppsägningar och varit de som till största del förmedlat besluten till berörda individer. Med insamlad empirisk data analyserades hur ledarna genomförde uppsägningarna utifrån teori som behandlar förändring, ledarskap och ett företags situation.</p><p>Resultaten visade att trots liknande yttre förutsättningar i form av lågkonjunktur och vikande orderingång så skilde sig genomförandet av förändringen mellan de tre företagen. En likhet var att kommunikation varit en viktig strategi under processen. I samtliga fall var ledarskapet dessutom säkert, direkt och beslutsamt.</p><p> </p> / <p>During a recession, many companies are using layoffs as a way to reduce costs and meet declining demand. These layoffs mean changes, which is often met with resistance. This thesis highlights the problems a leader is faced with during a change involving layoffs and how they have chosen to implement the same.</p><p>The purpose of this thesis is to describe how three leaders in three different organizations implement layoffs occurring as a result of shortage of work.</p><p>The research used is semi-structured interviews with three leaders who have taken part in the decision-making process of the layoffs. They have been, for the most part, responsible for conveying the decisions to the employees concerned. The collected empirical data was analyzed on the basis of theory dealing with organizational change, leadership and situational variables in order to understand how the layoffs have been carried out.</p><p>The results showed that despite similar external environment in terms of recession and declining order, the implementation was different between the three companies. One similarity was that communication was an important strategy in the process. In each case the leadership was also secure, direct and decisive.</p>

<p>In this thesis we will discuss the importance of human resource development in smaller companies and if it will change from when the Swedish economy was in an economic boom and later on came to be in a recession. We choose to use a more qualitative approach for this research in order to conduct a more in-depth study of five smaller sized companies located on Gotland, Sweden. In order to limit our research we had as an ambition to answer these following questions:</p><p>• What obstacles are there when it comes to human resource development and knowledge transference within smaller sized companies?</p><p>• What can simplify or enable human resource development and knowledge transference within smaller sized companies?</p><p>• Does the teaching process change to a more tacit human resource development between co-workers when there is less room for conventional human resource development?</p><p>The result of the research came to show that the biggest barrier, when it comes to competence development within smaller companies, is time. However, our research also showed that a majority of the companies has changed from a more external educational plan to a more internal educational plan which focuses on keeping the human resource development within the company. This in turn makes it easier for the companies to manage time and integrate the learning process into a usual workday for employees.</p>

At the time of writing, the business world is currently recovering from a recession that struck globally in the late 2008. The financial crisis brought many consequences, not least in the labor market. In meantime, media is reporting of the increasing trends of companies outsourcing their employment needs, by using staffing companies. Could it be that there is a correlation between the recession and the companies’ choices to do so? By revising literature on the topic we have found that the companies need for flexibility seem to be their main reason for using staffing companies. We have also come to review the first reports on the current increase of staffing company use in the US claimed to be caused by the current recession. Regarding the recession, we have come to find that it does have a structural impact on the labor market according to literature. An impact, that many claims is not temporary, but is here to stay. We have departed from retroduction with a touch of abduction when investigating our research problem. In practice, we have conducted a study based on surveys where we have asked 37 people in managerial positions at the top 100 largest employers in Sweden about their views on the recession and their attitudes towards the staffing industry. In addition, we have conducted an interview with a manager from a staffing company in Sweden to get another view on the use of staffing companies. The findings of this study include; even though several references in this paper forecast rapid growth during times of expansion for the staffing companies, this is not reflected within the responses in our sample. The companies perceive the situation of temporary staff as being better than what some theory suggests. There is reason to suggest that large companies that use staffing companies are moving towards a permanent need of temporary labor, and the respondent of such companies generally perceive staffing companies as a good option for mitigating labor-associated risks. It is difficult to draw definite conclusions based on our findings. We have opted to give the reader some insight as to how the companies perceive the staffing industry, and how a manager of a staffing company perceives its current state. We would like to encourage further research to use the questions and suggestions raised in our paper to conduct tests in the area of temporary staffing from a corporate perspective to nourish the debate in the society with a scientific point of view.

Problem: Business world has met uncertainty, which settled everywhere: from global financial markets and national economies, to organizations and employees’ minds. As every crisis, this situation came unexpectedly, almost out of a clear blue sky. Sweden, being highly dependent on international development, has faced negative effects in all aspects of business life. SMEs have emerged as an engine of economic and social development throughout the world.  As well as more than 99 percent of all enterprises in Sweden are classified as SMEs, the impact of economic crisis may be more than significant. Purpose: The purpose of the study is to investigate the impact of the current economic crisis and recession on the Small and Medium Enterprises in Sweden. Method: In order to fulfill our purpose we combined both techniques – qualitative and quantitative methodological approaches. We used a quantitative analysis tool – survey to collect primary data from the SMEs. In its turn, qualitative analysis was implemented to see how the data from earlier studies and our findings can be interconnected. Results: It was found, that companies are facing mostly negative effects. The perception of currently facing economic challenges can be assessed as anxious, which means that companies see the further development in a tough way. Damaged business confidence can be also recognized in pessimistic forecasts for profitability in 2009. However, the crisis can be considered as a driver for change. On the positive way, every downturn and faced challenge, e.g. stressful situation, stimulate organisations to analyze, look for new effective solutions and make decisions in the way they would never thought about. It was found out that importance of crisis planning is distinctly risisng during current times of uncertainty. Futhermore, companies tend to react on the faced challenges by designing, following crisis plans and creating special crisis teams. Our research may help the businesses to understand what difficulties the majority is facing, and thus not only to prevent same risks but also turn them into opportunities.

If you happen to be an American and have trouble sleeping, do not attempt to fall asleep watching the nightly news because it is anything but boring. At a glance, the American economy seems to be in shambles. The United States has an all-time high deficit, the housing market has crashed or is in the process of doing so, capital markets are becoming increasingly volatile and credit institutions in and outside the US are reporting heavy losses. The American presidential elections will take place this November, and there is no question that the economy will be one of the main issues. How has the unstable economic atmosphere affected the financial behavior of households in the United States and where have they received the financial information and advice from? Have the changes that they have made in their personal savings/investments and asset portfolios changed in any way and if so, are these changes based on rational decisions or mere hunches? This paper intends to answer these questions through a qualitative approach by interviewing eight tailor picked households in the United States. We take a constructionist ontological position assuming that social entities have a reality that is constructed by the perception of social actors. Furthermore, we have taken the epistemological Interpretevist stance assuming that we study the world by looking at its social actors. We have utilized a number of theories to aid us through our deductive approach where we collect theory, then collect data, analyze the findings, confirm or reject existing theory, then revisit the existing theory with the new data. The main theories include the Efficient Market Hypothesis, Behavioral Finance, Metacommunication and Dissemination of Information and Animal Spirits including all their subsidiary theories. The interview process involved utilizing an unstructured format and once interviews were collected, they were compiled into summarized form through an emotionalist approach. Conclusions were then drawn by finding common denominators between the interviewees’ sentiments. We found the signs of Keynes’ Animal Spirits, overreaction to information, and amplification of information through private sources. Furthermore, we have been able to find that advice had changed over the past year although we were unable to conclude how it had changed. Finally, a number of findings including people’s risk averse behavior towards volatile stock markets gave us an overall picture of the Efficient Market Hypothesis being less true in this situation than Behavioral Finance.

‟Recession‟ and ‟Layoff‟ were the buzz words of late 2008. Economic slowdown and recession have hit the economy hard. At the same time people in society are getting older and the demographic profile of the population is getting increasingly top heavy, with the retirements of the 1940‟s baby boomers expected to peak in 2010. The implications of an increased proportion of old people in society have been debated for some time, but the issue has not become a pressing concern for firms until recently. The purpose of this study is to investigate „How does the economic slowdown and the demographic change affect the recruitment behavior of the firms in the region?, the region being defined as the County of Jönköping and County of Östergötland in southern Sweden. The study is based on an exploratory survey polling respondents about their willingness to employ, the effects that the economic slowdown and demographic change exert on them. The survey was conducted during November 2008. The descriptive and inferential quantitative statistical analysis of the empirical findings and sec-ondary sources draw on contemporary research in the areas of demographic change, economic theory and human resource management. Demographic change is of less importance with regards to firms' willingness to employ than ex-pected and is overshadowed by the lack of skilled and experienced labour, which makes finding a suitable employment not so difficult, even in these recessionary times, if you have the right education, qualification and/or experience. It is hard to give a definitive answer as to how large the effect of the economic slowdown on recruitment is, but it does indeed affect the firms' willingness to employ, and it has generally negative consequences for the overall size of the workforce. Nevertheless, there remains a need for employees fed by the inextinguishable calls for competence and experience. With regards to the general recruitment behaviour, the firms face a dilemma. The weak economic climate commands cost savings. But the widespread call for and concurrent lack of skilled and experienced labour, both in the firms and in the labour market, command resources to be committed to the search for applicants. Furthermore, coping with the challenges of an agediverse workforce will be one of the most important commissions for anyone dealing with human resource management issues in the future. / Syftet med studien är att undersöka hur den ekonomiska avmattningen och den demografiska förändringen påverkar företagens rekrytering i regionen. Region i studien är definierad som Jönköpings och Östergötlands län. Studien bygger på en enkät, utförd november 2008, angående företagens vilja att rekrytera och de effekter som den ekonomiska avmattningen och den demografikas förändringen har på den. Enkätsvaren och sekundär data analyserades med hjälp av beskrivande och jämförande statistisk analys och bygger på en teoretisk referensram hämtad från relevanta forskningskällor inom områdena demografi, nationalekonomi och human resource management. Den demografiska förändringen har mindre effekt på företagens vilja att nyanställa än vad som var väntad och är överskuggad av en kronisk svårighet att hitta utbildad och erfaren arbetskraft. Detta betyder att hitta en anställning i dessa svåra tider inte är så omöjligt som vissa personer föreslår, under den viktiga förutsättningen att man har den rätta utbildningen, de rätta kvalifikationerna eller den rätta erfarenheten. Det är svårt att ge ett definitivt svar på hur stor effekt den ekonomiska avmattningen har på företagens vilja att nyanställa. Klart är dock att den finns en generell negativ ekonomisk effekt som påverkar företagens vilja att nyanställa negativt som även orsakar en generell minskning av den totala sysselsättningen. Dock kvarstår ett behov av att anställa hos företagen på grund ut av den kroniskt höga efterfrågan på kompetens och erfarenhet. Med avseende på den generella rekryteringsbeteende hos företagen står dom inför ett dilemma. Den ekonomiska avmattningen tvingar företagen att spara pengar inom human resources. Den kroniskt höga efterfrågan och bristen på kvalificerad arbetskraft tvingar dock företagen att avvara resurser till att utveckla sin rekrytering för att hitta rätt personal och nyanställa. Företagen måste börja förbereda sig för de utmaningar och förändringar som en allt äldre befolkning innebär på området human rescource management i framtiden.

Pro forma EPS reporting is a fairly new accounting disclosure; it has since been modified in 2003 by the U.S. Securities and Exchange Commission, to include additional disclosure and filing requirements. This “Regulation G” has been around for nearly a decade and since that time a major financial crises in the United States has occurred. This study attempts to analyze trends in pro forma EPS reporting within the S & P 500 constituents during the Great Recession, and speculate as to whether earnings management was apparent. This study provides evidence that there was a significant increase in the proportion of pro forma disclosers and magnitudes of those disclosers. Results also indicate that the presence of negative earnings and intangibles have a significant effect on the magnitude of these differences and that there appears to be a level of consistency in pro forma reporting among firms. Results allude to the possibility of short term and long term earnings management strategies during the Great recession among S & P 500 constituents.

ABSTRACT In this thesis, I evaluate how fiscal and monetary stimulus policies contribute to the economic recovery process of recessions in the United States. Using a case study approach, I will study ten major recessions over the 20th century and early 21st century to answer this question. I will study the different fiscal and monetary policies implemented during the following recessions: the Great Depression; the Recession of 1937, the Recession of 1945, the Recession of 1953, the 1973-75 Recession, the 1980 Recession, the Early 1980s Recession, the Early 1990s Recession, the Early 2000s Recession, and the Late-2000s Recession. The literature suggests a wide range of conflicting viewpoints as to the most effective stimulus policies for economic recovery. I conclude that while both monetary and fiscal stimulus policies have been effective in contributing to GDP growth and reductions in unemployment, it is evident that each recession requires a unique policy response. In many cases, I find value in implementing both monetary and fiscal policy, jointly, as they complement one another. I also find that, generally, monetary policy is most effective in contributing to the economic recovery process of recessions through open market operations that reduce the interest rate and that fiscal policy is most effective in contributing to the economic recovery process of recessions through government spending. My systematic exploration of these policies and the recession case studies, provide valuable information of the effects of these policies and provide insight into the appropriate use of stimulus policies in the current economy and for future recessions and recoveries.

Nine of the ten recessions since WWII have been preceded by relatively large and sudden increases in the price of oil. In this paper, I use time series analysis to forecast GDP growth using oil prices. I use the methodology from Hamilton (2009), and extend the dataset through 2010. Impulse response functions are used to analyze the historical performance of the model’s one-year-ahead forecasts. In April, 2011, the International Monetary Fund changed its forecast of 2011 GDP growth in the U.S. from 3.0% to 2.8% largely due to persistently high oil prices. My model suggests that the price increase in 2011Q1 will lead to growth of 2% in 2011. Furthermore, my model predicts that a 54% increase in crude oil prices during the second quarter of 2011 will lead the U.S. into a double dip recession.