Doing it tough? Learn how to manage a downturn

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Doing it tough? Learn how to manage a downturn

There are a host of measures that good managers can take before they should even think about cutting staff.

Cutting costs has become the big issue for business, as the economy limps along and consumer demand falls. Cutting staff numbers is the most obvious and easy way but that also creates problems. First, it is a morale buster for those left behind. Second, things turn difficult when the economy picks up again, as it always does.  Recoveries tend to come a lot quicker than expected and there are many stories of companies that have cut their staff right back only to struggle when ...
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