Last Updated Apr 24, 2009 11:16 AM EDT
- The Find: Putting aside the question of just how far off a recovery is, one expert argues that too many managers are unprepared to take advantage of one when it comes.
- The Source: An interview with Suzanne Bates, author of Motivate Like a CEO: Communicate Your Strategic Vision and Inspire People to Act, on UK site Management Issues.
Due to layoffs of more experienced and higher-salaried managers, some employees have been promoted from within to replace them who do not have the necessary leadership, management and motivational capabilities to capitalize on the recovery.
There will also be increased pressure on businesses to retain and attract their best people during a recovery... If your company downsized with an axe rather than using a scalpel, you may now have some gaping holes you need to fill.To prepare your firm to take advantage of a recovery, Bates recommends assessing the motivational capabilities of your managers and their ability to develop others, prioritizing managing the emotional side of their organization as lay-offs can severely dent morale, and rewarding employees with low-cost incentives.
The Question: Is your organization ready for a recovery?