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Economists are now warning of high inflation and a recession which are exactly Stagflation images .  We explain Stagflation and how an HRO can help cope with it in the first article. Other articles cover grant writing, HR support for charities, the summer slump, workers comp, setting cultural tone, and employee recognition.

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Excerpt from above Article.  

Are you worried about scary stagflation images ? If you are, an HRO or Human Resource Outsourcer can help you weather the storm. This blog post will explain stagflation and how an HRO can help you protect your business from its effects and even benefit your organization.

What is Stagflation & its Effects?

 Stagflation is high inflation, high unemployment, and slow or negative economic growth. Traditionally, stagflation occurs when high inflation combines with high inflation and a decline in the economy. Both periods overlap with recessions, and economists believe we are experiencing the highest rate of stagflation since the Carter administration. The primary cause of stagflation is believed to be poor monetary policy by the Federal Reserve, which fails to adequately account for how inflation and the real economy respond to changes in its policies. Because stagflation has such negative effects on businesses and individuals alike, it is important to be prepared for these situations and find ways to mitigate their impact.

The two main points of stagflation are high inflation and recession. High inflation can be caused by several factors, including rising costs of goods and services. It can lead to stagflation when combined with a recession, a period of slow economic growth or contraction. Corban OneSource can help businesses counter high inflation by providing a reliable, hands-on approach to payroll, HR, and benefits administration outsourcing. This can free HR leaders to focus on attracting and retaining top talent rather than being bogged down by administrative tasks.

There are various ways to prepare for stagflation, including stockpiling supplies, diversifying investments, reducing expenses, or utilizing outsourcing services. By taking these steps ahead of time, businesses and individuals can weather the stagflationary storm and come out on the other side stronger than before.

If an organization does not take steps to address stagflation, multiple consequences can occur. One effect is that the organization may start to experience financial instability. In particular, the high level of inflation can cause the cost of goods and services to increase rapidly, leading to a decrease in the organization’s profits. Additionally, stagflation can also impact an organization’s ability to attract and retain talented employees. As a result of the slow or negative economic growth, the organization may struggle to offer competitive salaries and benefits necessary to attract top talent. To address stagflation, organizations must take proactive steps to manage their finances to allow them to weather periods of economic uncertainty.

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