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8 Proven Strategies for Employee Engagement During Recession

Empuls

Having unengaged employees is no new thing. As per the report provided by Gallups, around 85% of employees are unengaged in the office. And those employees are tagged as quiet quitters. How to cope with them, especially during the recession period? How to maintain employee engagement during the recession?

Retail 52
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Navigating Recession: How To Retain Top Performers

HR Digest

In the face of economic uncertainty, recessions pose significant challenges for businesses worldwide. During these tumultuous times, one critical goal emerges: retaining top performers. Retaining Top Performers During Recession Recessions are a time of economic uncertainty and instability.

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Recession-Proofing Strategies for Small Businesses and Their HR Teams

CorpStrat

Amid a recession, organizations of all sizes and sectors usually experience decreased sales and profits stemming from changing consumer behaviors. Small businesses, on the other hand, may be particularly vulnerable during an economic downturn, as they generally lack the additional capital necessary to offset extended periods of loss.

Payroll 52
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What is the Role of HR in a Recession?

15Five

Now, we find ourselves at the precipice of a potential recession. During times of economic uncertainty, spending on talent and HR is often first on the chopping block. Read on to learn more about the role of HR in a recession, and how HR can contribute to business growth even in the midst of economic instability.

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Lessons Learned from the Last Recession: Don’t Cut Management Training (For Long)

Achievers

Twelve years ago, when the Great Recession hit and money got tight, businesses had to make cuts. Our managers don’t need training — we just need employees with a better work ethic. Studies show that the total cost of losing an employee can range from tens of thousands of dollars to 1.5-2X 2X of an employee’s annual salary.

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A Benefit to Attract and Retain Employees: Earned Wage Access

HR Bartender

Several weeks ago, I published an article about “ 8 Employee Benefits Worth Considering to Attract and Retain Talent ”. The idea behind EWA is to give employees access to money they’ve already earned. Giving employees more control over their money can benefit their financial wellbeing. The employee can maintain their privacy.

Payroll 138
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Changes in Management HR Should Consider In 2023

HR Digest

HR leaders are always looking for ways to improve their employees’ lives and the company’s bottom line. Make Employees Stay: One of the expected 2023 changes for HR is their ability to retain employees. And with a recession in sight, it will only make sense to hold onto top talent during this period.