Last Updated Nov 12, 2008 2:59 PM EST
Seventy percent of 450 HR officials said in a survey that budget cuts are likely, 55 percent said hiring freezes are possible, 39 percent see layoffs in the future, and 21 percent say their firms will reassess corporate contributions to 401 (k)s. Half believe bonuses are kaput.
While hiring is weak, the society's researcher believe that competed for an retained talented workers is essential.
General Motors is suspending company matches for 401 (k)s.
All in all, it's a mess.