We are faced with some of the most challenging economic times seen since the Great Depression of the early 30s. No one sees a quick fix, but certainly no one believes that the current climate is anywhere near as severe as the 30s.
This was the general consensus from a panel of experts that presented at Drake International's highly successful Economic Forum titled “Human Capital and the Current Economic Climate”. All proceeds from the forum were donated to the Australian Red Cross Victorian Bush Fire Appeal.
Organisations fail to get benefits from downsizing
Recent research undertaken by Drake shows that organisations are not getting the benefits from downsizing that they seek.
Not only is employee motivation significantly reduced, but only a small percentage of organisations achieve any productivity gain.
Detailed analysis explains some of the reasons.
Despite significant changes being made to processes, role definitions and organisation structures, very few organisations recognise that re-training is essential if performance is not to suffer.
Unfortunately too many organisations still don’t understand that cutting training expenditure is not a smart option in the current environment. Your best employees are at risk during a downturn, particularly if they are demotivated following a restructure. Your competitors will use this opportunity to upgrade the quality of their workforce, so if you are not increasing efforts to retain and engage high performers then you will lose them.
Drake is running a series of breakfast seminars on how to manage restructuring effectively. The forthcoming seminars will be held in Sydney on 28th April and Melbourne 30th April 2009. To find out more call Drake on 1300 362 262 or click here for the registration form.
|
Maximising profitability during an economic downturn
Drake is presenting three seminars during April that will provide you with insights on how to improve productivity, staff engagement and morale, and profitability during tough economic times.
LEADERSHIP IN TIMES OF CRISIS How to maintain an engaged and motivated workforce in the face of economic uncertainty.
We have your flexible staffing needs covered 24hr a day
Your business operation doesn’t stop after 5pm, neither should your temporary staff provider.
At Drake we understand that your staff are your main asset and to assist you with the staffing needs or issues that arise outside of normal business hours, weekends, and holidays our consultants are available 24 hours, 7 days a week.
So, at any time of day or night call 13 14 48 for all you flexible staffing needs.
|
Take the guess work out of hiring
In today’s economic times it’s important to make the right hiring decisions to get the most out of the people you employ. Drake P3 helps more than 40,000 managers select and manage over 6 million employees globally.