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Keeping morale high key in a down economy
Amid our current economic downturn, many managers are realizing that keeping morale intact is more crucial than ever, yet far more difficult to achieve. Businesses have to motivate survivors of layoffs as well as prepare to compete for talent when the economy rebounds. With companies reducing their staff, employees are forced to do more work with fewer rewards (in the form of bonuses, raises and benefits). As a result, companies are faced with the challenge of producing equal or better products and services under more hazardous conditions.
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Starting out in a downturn
Companies that launched during economic slowdowns carry lessons forward
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