Importantly, the inherent unpredictability in the business environment makes it imperative for HR processes to be flexible and to imbibe this flexibility and adaptability in the organization’s ethos. As heads of HR in your respective banks, it is your duty to optimally harness the potential of your human resources both in the present and in the future.
Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery. This tradeoff is one for our elected representatives, who wield powers of taxation and spending. Thank you. I look forward to our discussion. References Blanchard, Olivier J., and Lawrence H. Summers (1987). “Hysteresis in Unemployment,” European Economic Review, vol.