Lech Keller-Krawczyk “Employment Policy in the Times of Recession”, Journal of International Studies, Vol. 2, No 1, 2009, pp. 99-106.

Employment Policy in the Times of Recession

Lech Keller-Krawczyk, PhD

Academy of Humanities and Economics in Łódź, Poland

Abstract In this paper I analyse the (usually contractionary) employment policy in the recession times, analyse employment as a source of company’s profits, dismiss the “greatest management lie”, i.e. the empty declaration that “people are the greatest asset of the company” and try to find what are really the most important assets of the company. According to my research they are, as a rule: еhe brand and reputation of the company, fixed assets of the company, company’s rights to natural resources, money owned by the company, patents, algorithms, secret recipes, systems and processes owned by the company and company’s customer base.

Keywords:Employment policy, recession, assets, employment, employees, work force

Submitted: February, 2008

1^st revision: March, 2009

Accepted: June, 2009

JEL classification: E24, J21, P1, Q4