Everyone is talking about it. The Credit Crunch. Recession. Oil prices. Doomed housing market.
There’s no way to get a way from it unless you switch off th TV, computer and radio. Even then you’d have a hard time not talking about it to your friends or coworkers. And then you still have to avoid the magazines and newspapers.
So what can you do?
The worst thing you can do in a recession is stop everything and start twiddling your thumbs. Perhaps these are the times that people need to work their hardest. Step up, be challenged and make the difference.
Transparency
Times of uncertainity naturally follow with distrust. Combine this with the current expectation of organisational transparency. It is essential to avoid rumours, especially the negative ones! Employees will naturally become more engaged when there is trust and honesty.
If you care, have news, have goals - let your people know.
Keep your lovely talent
Troubled times bring troubled thoughts by your talented people. Identify your flowers that will bloom and get rid of the weeds. See this as an opportunity to hold on to and invest in your best and to lose those that don’t quite hit the mark. It’s not an easy task and can be error prone if the right information and systems are not in place.
Technology
With the increase in social technologies abd ondemand software as a service (SaaS), technology is increasingly the best place to put your money. You no longer need to make huge investments and wait years for the return.
Enterprise Talent & Performance solutions can be implemented in weeks for small to medium enterprises and within 3 months for large companies. This means you can leave the hard technology work for other people to allow you to focus on your company. The beauty of this is that the investment is relatively small, but the results can be seen quickly. And being ‘quick’ is often key in uncertain times.
Tags:
Share
Facebook
You need to be a member of Talent Social to add comments!
Join Talent Social