Maintaining staff moral during a recession can be a major way of maintaining a company's profitability. This is the message I gave to Lancashire Business View and they published the following article in their July/August edition.
Karen Credie of KMC HR Consulting said "Research shows that staff who feel valued by their employer are happier, more motivated and dedicated to ensuring the success of the business. With ongoing economic uncertainty, some companies are reluctant to invest in employee initiatives but this could have a detrimental impact in the longer term. Employees have long memories and if they feel badly treated by a company they will vote with their feet as soon as the opportunity arises. It is a fact that companies are watching their expenditure due to the economy and this has resulted in pay freezes, reduced head-count and in many cases the remaining staff having to take on extra work for no reward. This has to be a short term strategy if you are going to maintain morale amongst your workforce and keep your star performers."
For more information visit Lancashire Business View
