Twice as Bad

As if one recession wasn’t bad enough, there is always the very realistic possibility of a double dip recession. This happens when the economy goes through one recession; it starts to recover but then goes back into recession. This usually happens after measures taken by the government to boost the economy come to an end, these measures help to boost the economy by stimulating demand; this increases confidence and the economy comes out of recession. However, once government involvement reduces, demand and confidence can fall and the country can slip back into recession.

 

If we are unfortunate enough to slip back into recession, we could start seeing more redundancies. This is going to lead to more and more people desperately searching for a job. This desperation can inevitably lead to people embellishing their CVs. People may think that bending the truth is necessary in order to secure a position and avoid any potential financial difficulty.

 

In times of recession, employers need to be more careful than ever about whom they employ. The best way to do this is to carry out background checks, employment checks and qualification checks such as those available from PeopleChecking. Employing the wrong person can cost an employer thousands of pounds, not something anyone needs in times of financial difficulty.