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Meeting Economic Challenges with the Right Team
Make no mistake about it. The most valuable assets in your organization walks in the door in the morning, and out at night! Unfortunately, many of us have had to make staffing cuts, salary and hiring freezes in recent times which has impacted that asset.
The good news about the economy is that it is giving us time to take a closer look at our internal teams and who in our business is best equipped to help us move from scarcity to prosperity.
Smart business owners are not just making cuts but carefully evaluating all staff – VPs to line staff – before making any changes that we may regret as we move into better times.
The same care, thought, and rigorous analysis should be given to decisions on the capital invested in employees as would be to a factory or a production line. A factory can be reopened, or a production line restarted, much more easily than employees trust in their management or faith in the company's vision can be restored after a layoff.
Today will share key steps to managing your human capital and on how evaluating and restructuring can strengthen your market position and even mitigate cuts.
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