Motivating Employees in a Down Economy
Many organizations in today’s economy are reducing their workforce and freezing hiring and/or salaries while pushing everyone to “do more with less.” While perhaps necessary, these actions can negatively impact employee morale and productivity over time. However, with companies in the news like AIG, who took heat for lavish trip rewards and bonuses on the heels of receiving federal bail out money, many organizations may be reluctant to spend on employee morale and engagement. I want to hear about best practices from YOU. What is your organization doing to keep people motivated and engaged in today’s workplace?