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    « C.O.R.E. Works with Performance Management, Too | Main | Uplift to Offset Downslide: A Few Ideas »

    November 11, 2008

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    Derek Irvine

    Excellent post, Tim. As you rightly reiterate, the latest research and industry experts are all saying people’s motivation (and performance) plummet during a recession as they are (1) fearful for their jobs, (2) angry about layoffs of friends and assuming their work, (3) consumed with rumors about the company’s future.

    A recessionary economy is precisely when companies need to get the most productivity out of fewer employees, however. Annual bonuses and even pay raises are increasingly not an option this year. So, how do you address these concerns?

    Strategic employee recognition reaffirms people in the value of their contributions, acknowledges the additional work and effort they are being asked to perform, and allays rumors through frequently updated executive messages. Done correctly, employees also understand how their specific efforts help the company achieve its strategic goals. All of this combines to increase morale and productivity.

    http://globoforce.blogspot.com

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