Our Wynford “Trend Tracker” is a free
service provided to our clients/survey participants. We know
you’re busy. That’s why we do the monitoring, researching and
summarizing of current articles, trends, papers, etc. for you. We also add our
comments …along with our “HR Implications” so
that you can stay at the “leading edge” for your organization in a fraction of
the time!!
We do the work……………You stay
“ahead of the pack”.
Here’s a sample:
Alberta economy set for rebound in 2010
(Excerpted from “Province to 'recuperate' along with energy sector” by
Lisa Schmidt, Calgary Herald, Friday, March 06, 2009)
Alberta will bounce back with solid growth next year after slipping into its first recession in two decades, a forecast said Thursday. A
slowing energy sector will cut into manufacturing, construction and mining
output in 2009, leading to a decline of 0.5 per cent in the provincial economy.
"The downturn will not be prolonged and Alberta will recuperate
when the energy sector takes flight again," the report said.
HR
Implications – as the energy sector picks up previously planned projects will
become economic again. As the credit markets follow suit and begin to open up,
“people” will once again start to be a “scarce commodity” in Alberta. Keep this
in mind as your making your “belt tightening” decisions that we’re all making in
2009.
The forecast said oil prices are expected to rise as the global economy recovers
from recession by the middle of next year, helping to spur oil patch activity.
The provincial government --forecast to run its first deficit in 15 years --
predicts a modest recovery in 2010 after economic decline of two per cent this
year. The Conference Board says the massive pullback in oil-sands expenditures
will push economic growth in Alberta into negative territory this year for the
first time since 1986.