It seems the recession has taught the nation’s bean counters a few things about what works when it comes toand satisfaction.
In a new survey by Robert HalfResources, chief financial officers admit their biggest take-away from the recession is that they need to take better care of their workers.
The 1,400 CFOs who participated in the survey said they recognize the value of paying attention to team morale, controlling costs early and not cutting personnel too deeply. They said troubling times have led them to:
- Focus more on employee morale (27%)
- Avoid multiple rounds of cost cutting (22%)
- Retain enough staff to maintain productivity (22%).
If these lessons have staying power, they could help organizations face the next economic downturn.
“Many companies have realized that reducing costs in various operational areas earlier in the downturn would have better prepared them for the slowdown,” says Paul McDonald, executive director of Robert Half Management Resources.
Tip: Read about 12 Ways to Optimize Your Employee Benefits Program., recognition programs and rewards in our free report,
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 10 Secrets to an Effective Performance Review
- Manage your managers, not their staff
- Bias against applicants who never apply? Ruling in case involving criminal background checks
- Justify your training proposals with ROI calculations
- My boss is unhappy with my work