Using Recognition to Boost Motivation during an Economic Downturn
The tough economic climate is impacting organisations and their employees everywhere. When faced with recession, many businesses look to cut costs resulting in - at best - a lack of job security and pay freezes, and - at worst - redundancy. This puts employees under increased pressure, generating stress that has a negative impact on motivation, engagement and productivity.
It's essential for organisations to develop the right strategies for maintaining engagement levels during a downturn, and to look at innovative ways to unite and connect their workforce more effectively, even with less resources.