(From PR Log) -- Following fairly severe economic slowdown across global economies, cost reduction efforts naturally took centre stage as organisations sought to maintain profitability and remain competitive. A shift is underway, however, because organisational reactions to the downturn have had major unintended consequences for the relationship between organisations and their employees from both a brand and talent management perspective.
It’s important to recognise that the decisions you make in regards to talent management this year have far reaching consequences, often setting the tone for the relationship with potential employees for years to come. Basically, the only thing more worrisome than the prospect of too much change is too little change, especially in a downturn where many competitors are chasing too few customers and dollars.
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Tags: employee retention, talent management, economic downturn, recession
Categories: News | T+D