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Preparing after the Last Economic Recession

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Economists as many business people are hoping for the best in 2014 to 2016. After the worst recession of 2008 to 2009, many companies have learned the best lessons because during that time they fought not to be out of business, some merged , others companies barely survived. Most companies are left with recession scars and the fear that it can happen again. From that worse recession companies have learned to be prepared. As new laws and regulations are passed by the congress, companies, (Geico included ) analyse the impact those policies would have in the company in case of a new recession.

For instance, as the new healthcare law was passed some companies are looking in diminishing the hours of work from their employees in order to make enough profits. In can of new recession period the companies would not have to worry of making extra expenses in paying for health care for the employees. A different approach is made by other companies who are looking into hiring employees with multiple work experience which can be used in the company instead of hiring a lot of people specialized in a single technical area. For those companies willing to keep their employees, they are offering training to employees so that they could have a small number of employees and well qualified. Other companies are relaying into getting temporary employees, like consultants, for a number of projects instead of hiring a permanent workers.

Those companies reactions lead to the thought of

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