J.R.D. Tata said, “Leading with affection.” This phrase is to be kept in mind during the time of global slowdown.
Technology is the most important but use technology with heart. We cannot do away with soft factors and nor can they stand alone.
Change in HR strategy is required to cope up with the economic downturn. I strongly believe that clear and transparent communication in organization will motivate team spirit and ask them to lead themselves with “JOB WELL DONE” spirit.
Increasing productivity and cutting cost can be a way to cope up with current time. Customer success is the key strategy to sustain in the market. Let customer send a customer to you.
Training and development can be a major factor to boost up the moral of the team, but I find that it is considered as expenditure instead of investment by the top management.
There are factors, which are de-motivating employees but I suggest to focus on motivational factors.
‘Lead with heart and hand’ is the essence of leadership in the slow down time.