7 Lessons for Managing People in a Recession
On today’s episode I'm joined by my special guests:
Dave Ulrich, Speaker, Author, Professor, and Thought Partner on Human Capability at The RBL Group & University of Michigan - Stephen M. Ross School of Business
Bev Kaye, Founder and CEO at BevKaye&Co "A Guide on the Side and a Sage on the Stage”
Matt Burns, Founder & CEO at BentoHR
As the global economy is leaning toward recession, organizations are facing cost pressures and lowering labour costs through downsizing.
With the help of our esteemed guests, we will explore the seven lessons on managing people during an economic downturn that can be adapted to today's business context.
This includes seizing the opportunity, sharing experiences, over-communicating, being bold, attending to those who leave, attending to those who stay and redesigning work.
Leaders must take a strategic approach to downsizing, to ensure a fair process for those who leave, and attend to those who stay through personalised employee value propositions and sharing information about future employment plans.
Lessons:
Seize opportunity
Share experiences
Over-communicate
Be Bold
Attend to those who leave
Attend to those who stay
Redesign work
Recommended Resources
Follow Dave Ulrich on LinkedIn
Follow Bev Kaye on LinkedIn
Follow Matt Burns on LinkedIn
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