In Boom or Bust, Is HR Worth It?

When economic hard times strike, the training budget is often one of the first to be slashed. Seen by some as a ‘nice to have’ in prosperity, scaling back training seems an easy way to reduce outgoings and focus more on profit-generating activities in order to stay afloat. Is this the right approach for start-ups unsure where best to invest?  Research which tracked the financial performance of 359 firms before and after the Great Recession provides some answers.