Cuts, layoffs, workforce reductions…the stories are everywhere in the media today as this economy takes it’s toll on business. Clearly it appears that more cuts are underway in March and will be reflected in the next labor statistics report. This approach is needed during a recession so no company can be blamed for taking this drastic move. But how far should companies cut? There are no easy answers to that question, but I think there is a general principle companies should follow. Reduce only enough to make your company agile in this marketplace while minimizing your gaps in performance. Here is an excerpt from last week’s Herman Trend Alert (sorry,… Read More
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