- Always consider the long-term implications of cost-cutting measures
- Cost-cutting programmes can have a real danger of creating a 'recession culture'
- Loss of trust in leadership, de-motivation and resentment are a few of the risks involved
Beyond the crossroads: How to avoid a recession culture
Posted by bettinapickering in Strategies on Tue, 30/06/2009 - 10:10
In the face of the recession, it is unsurprising that a number of companies have introduced severe cost-cutting measures, from redundancy programmes, to slashing business travel expense, to capping employee salaries and benefits. Even the Chartered Institute of Personnel and Development (CIPD) has been forced to cut 12% of its workforce in a bid to reduce costs – despite stating at their Harrogate conference that redundancy remains a final resort. We asked ourselves: have the long-term implications of these significant cost-cutting programmes been justly considered?
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