SPM Highlights Hot News Topics and Shares its views

October 2008

Managing People in a downturn

(from People Management: www.peoplemanagement.co.uk/features)

1. Look for ways of cutting costs without laying off employees.
2. Redeploy staff wherever possible.
3. Keep on nurturing and developing your talent.
4. Base all decisions on careful workforce planning.
5. If you do need to make redundancies, ensure that you follow the statutory dismissal procedure to the letter.
6. Let remaining employees know that they are valued.
7. Above all, don’t panic. There’s no sign of imminent meltdown.