Brenton Thomas, MBA | Source | Founder at Twibi

At least in marketing, during a recession, there may be a decrease in employment and payroll, which can lead to a reduction in premiums for workers' compensation. It's important to make decisions that will have a long-term impact on the cost of compensation and to ensure that employees can still rely on some level of compensation. It's also important to note that entering the labor market during a recession can adversely affect a worker's future earnings and employment prospects. Overall, the effects of a recession on compensation can vary depending on the circumstances and industry involved.