1. Ways HR Can Inspire Job Satisfaction vs. Focusing on Wages and Cost-Cutting

Ways HR Can Inspire Job Satisfaction vs. Focusing on Wages and Cost-Cutting

$99.00
Nationally known speaker and executive coach Marques Ogden will explain the impacts of cost-cutting on employees, including ramifications you may not have considered. You will learn how to maintain your team’s motivation and productivity through the downturn.
Event ID: 2412142
Recording: Unable to attend? A recording will be available after the presentation.
Date: Thursday, July 30, 2020; 11:30 AM Eastern
Duration: Scheduled for 60 minutes including question and answer period.
Presenter: Marques Ogden
Credits: 1.0 HRCI, 1.0 SHRM

Ways HR Can Inspire Job Satisfaction vs. Focusing on Wages and Cost-Cutting

The COVID-19 pandemic is causing economic havoc worldwide. Most organizations are finding that cost cuts are necessary to survive. These expense reductions will inevitably affect employees, such as in the following ways:

  • Interrupted career paths with fewer opportunities for progression
  • Hiring freezes resulting in workload increases
  • Salary and wage freezes
  • Unhealthy cultures resulting from feeling overworked and underpaid
  • Friction between team members due to inconsistent treatment

By planning and communicating, you can mitigate some of the damage. Ensuring that everyone feels valued and essential will lead to a healthy and productive culture.

  • How can blaming the pandemic make challenges more palatable?
  • What workload balancing strategies will help employees feel less overwhelmed?
  • How can you avoid problems from inconsistent recognition and compensation?
  • What culture should you instill throughout our organization?
  • How can you retain valuable human capital without causing resentment?

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