When businesses are affected by economic factors that are outside of their control, it is natural for employees to be concerned. They may worry whether their pay packet will rise in line with inflation, if their working hours will change, or about their overall job security.
And these concerns may result in employees becoming less engaged or motivated, with a consequent reduction in productivity—which ironically makes it even harder for a company to weather the economic downturn.
Employee recognition techniques, which have been field-tested to ensure a measurable output, can help improve your organisational culture and make your business more resilient to external pressures.
Click here to watch our webinar on Using Recognition to Boost Motivation During an Economic Downturn, and learn practical ways to help improve your employees’ morale.