Being in a recession can be scary for employers AND employees.
Here are 5 proven tips that work in a recession:
1) Have weekly meetings with all employees to share the state of the company; employees want to help but can’t if they do not have information!
2) Involve employees in the decision making; if there are cost savings needed, have them come up with them.
3) Re-evaluate your incentive structure to reward cost savings and new clients that employees have produced.
4) Re-evaluate all positions descriptions and organizational structure; many employees may want added responsibilities to enhance their skills set.
5) Celebrate whenever you can with your employees – new clients and new business.
