We’re witnessing the revamping of the world economy. And it’s happening at the speed of 24 hour news channels right before our eyes. Unprecedented.
Unfortunately, the small business owner is squeezed as long-time clients cut costs and no longer “require” your services. How many of these losses can a small company absorb? Not many. Too many and jobs will have to be cut.
Nothing undermines company morale more than layoffs. That constant fear of “I’m next” reduces productivity. You might even lose some of your best employees to other companies if those high-level managers take a pro-active approach and leave before the layoffs begin.
Maintaining staff morale amidst an office massacre is impossible. Watching co-workers clean out their desks after years of faithful employment is gut wrenching for the company owner, the remaining employees and, of course, the packer.
However, there are things you can do to lessen the impact of this economic slowdown and maybe save a job or two in the process. At the very least, these steps will help maintain company morale after the massacre.
Read my 6 suggestions here.
