Most companies have had to make some tough decisions during the global economic crisis, and few are tougher than those involving personnel. Michael Beer, chairman of the consulting firm TruePoint, says successful companies take a dual-approach to these decisions by thinking about both the needs of workers and the needs of the company--and that these needs are not mutually exclusive. He calls companies that take this approach "high commitment, high performance organizations." These companies are, for example, more likely to make across the board pay cuts and preserve jobs rather than "slicing and dicing." In this video, Beers describes a policy he calls "equality of sacrifice," and says it is good business in tough times:
Posted
06-25-2009 9:38 AM
by
Graham Griffith