When Times are Tough – Staff Need Transparency
March 14th, 2009
Businesses around the world are going through tough times as the world’s economy continues to struggle. In these tough times, business have to make tough decisions – often letting go of key people. In making these decisions, it is important that the people in the business understand why the decision is being made, in particular what events have led to that decision. However, this openness and transparency is often very difficult for management. Therefore, the result is that businesses become plagued by fear and rumour, thus leading to a slowdown in efficiency and effectiveness and therefore more layoff. How can management break this spiral?
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