The Human Toll of Belt-Tightening

Strategies for keeping employees loyal through tough economy

the business will weather the storm, but they know that you appreciate their efforts and their willingness to work with you. Of course, when the time comes, stay true to your word or else employees won’t trust you and will be out the door. “You never want to make promises that you can’t keep,” Cutts says.

Mark your progress. Find a way to measure whether the company is achieving its new financial goals and let employees in on the progress. When employees do their part, acknowledge it and, when the tough times are over, celebrate the company’s success, Love Huff says. “When you do take the time to acknowledge success, employees will be that much more willing to do something for you in the future.”

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