"Top 5 Actions Taken by Management in Responding to the Global Financial Crisis"
On the back of the Global Financial Crisis, it is interesting to note the Top 5 actions taken by management in dealing with the impacts.
On the back of the Global Financial Crisis, it is interesting to note the Top 5 actions taken by management in dealing with the impacts. Cost reduction, not replacing staff, and careful reviewing staff levels and budgets appear to be the order of the day.
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Top 5 Actions Taken by Management
Employee View (2010)
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% in Top 5
(Rank)
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Reduced costs
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54 (1)
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Not replaced staff that have left
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51 (=2)
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Reviewed staffing levels
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51 (=2)
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Reviewed your budget
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46 (4)
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Told staff there will be no pay rises in the near future
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34 (5)
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The order of actions varies marginally in the eyes of managers and business leaders but the top fives and their magnitude are generally consistent across the levels of organisations.
(Article submited by Leadership Management Australasia a sister company to Profiles International Australiasia)
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