CFO Magazine recently interviewed three business leaders about headcount reductions. There are some valuable nuggets in this article: Cut outputs - not inputs. The cost of hiring and training often outweighs the savings from force reductions. Don't overlook employee recognition. Have a short-term cash flow projection - no…
During this extraordinary time of economic turmoil, many of you have confronted the unwelcome task of evaluating employees when layoffs are required. In my conversations with CEO's, I often find that one factor that obscures the clarity of that decision is the loyalty of long-time employees. As a result of…
I hate to ask . . . but I wonder if you have taken the time to craft a communication plan for your employees during these extraordinary turbulent times? Business Week reports what I would suspect – that most employees haven't heard anything from their senior managers. That's a big…
The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco - from the Golden Gate bridge north, including the Wine Country of Sonoma and Napa counties. **********************************************************************************Article published - November 17, 2008BUILDING A BUSINESS: Turbulent…