Monday, Aug 11, 2008
In these tough financial times employers are facing a difficult challenge to keep their staff motivated
reuters via yahoo: Top bosses feel chill of credit crunch
LONDON (Reuters) - Over a third of leading businessmen expect their companies to suffer redundancies due to the economic downturn, according to a survey released on Monday.
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Commissioned by the Leaders in London International Leadership Summit 2008, the poll of over 1,000 business leaders found 36 percent of them believe jobs will be lost, with 10 percent suggesting senior management could be made redundant.
The gloomy economic outlook has left 51 percent of bosses finding it tough to keep staff motivated, with a third reluctant to employ people who have high expectations of rewards or rapid promotion.
Over a half of those polled plan to keep their staff motivated by offering flexible working hours rather than increasing their salary, with nearly a quarter having t
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1. Eternal Sceptic said...
IN the world I inhabit, if you do your job properly, you have a job in the morning, if not there is a big wide road beckoning. If times get bad, if you are lucky, you retain your job, albeit with short time or a reduction of income, if not, sorry..
Time to get real-the world is an increasingly nasty place and the pot of gold is many miles away, not at the bottom of the garden.