times of recession or lower

many companies acquiring an accumulation of personnel at times of recession or lower economic growth, prioritising the protection of employment over flexibility. This became clear during the pandemic, with the implementation of, for instance, the ERTE (temporary regulation of employment) scheme in Spain. The accumulation of workers by companies and even the hiring of new workers has been possible especially in the last three quarters thanks to: (1) the increase in corporate profit margins; and (2) the drop in real salaries ufabet