The economy is tanking. Everyone is talking recession. The question now seems to be how bad it will be. The Feds are scrambling. Economists are sending lots of different signals-none that are good. And business people are in survival mode.While headlines focus on the U.S. economy, the rest of us struggle with running our businesses with all this news. Costs are increasing while, for many, sales are declining. Budget cuts on the state level are hammering human service providers. What’s an employer to do? Here are six strategies designed to both protect your business and to position you to weather the storm:1. Protect your best employees: During these times, employees too are in a survival mode. They worry about their jobs. As a result, they become vulnerable to being poached by a competitor. Remember, in spite of the news, many organizations are doing well and are even expanding. They want and need good employees-your good employees. Take care of your stars. Talk to them frequently. Provide them with constant reassurances. Make sure their needs from a job, career and personal perspective are met. During tough times, you can’t afford to lose a high performer.2. Double your supervisory training efforts: Many… Read full this story
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