TRENDS 2020 Trend 3: Companies will JOB & HIRING refresh hiring playbooks ahead of a potential recession It has been more than 10 years since the last recession, the longest GLASSDOOR'S streak of good economic times in American history. So much time has passed since the last downturn that nearly half of U.S. companies today are so young that they’ve never weathered an economic recession. Today, many economic signals are flashing warning signs. The so-called “yield curve” from the bond market, which historically has been one of the best predictors of an approaching recession, signals that a slowdown is likely on the horizon. The economy’s pace of job gains has slowed this year from an average of 223,000 per month in 2018 to 167,000 per month so far in 2019. Meanwhile, the ongoing trade war with China is slowing manufacturing and creeping into other sectors. Although the job market remains strong for now, the risk of recession as we enter 2020 is higher than any time in the past decade. We expect to see many employers taking the risk of a recession more seriously in 2020 and beyond by updating their hiring and talent attraction playbooks in preparation. 13