Due to the current global economic crisis, Watson Wyatt has conducted a second edition of the survey, “Effects of the Economy on HR Programs,” which looks at how companies are adjusting their HR programs - recruiting and hiring, compensation, and benefits and salary increases. The 441 executives surveyed are from various Latin American countries; their firms represent different industry sectors and sizes, and origins of capital. Fifty-two percent consider their companies to be global, while the others are split into national and international organizations.