Our Story

Speaker

Submissions

Advertise

Cart

SUBSCRIBE

Keep your Greatest Asset

Many employers view layoffs as an unpleasant, yet inevitable consequence of a recession, and for certain industries, that may well be the case. Other companies do have options. Just ask your employees.

“Nobody is smarter and more observant at seeing the real nitty gritty of a company than its employees,” says Mary Karamanos, Senior Vice-President, human resources at the Business Development Bank of Canada. “They often have creative ideas on how to reduce costs, boost efficiencies, improve sales and marketing, and identify new markets for your products and services.”

There are two key advantages to this approach: In difficult times, people want more than ever to contribute. Also, employees are more willing to embrace change if they are consulted beforehand. Throw the challenge out to your employees. Some may be interested in shorter work-weeks for a few months, or a partial paid leave to travel, volunteer, go back to school or care for an ailing parent. But unilaterally deciding that all employees will begin taking every second Friday off unpaid, for example, or cutting benefit plans, will do nothing to boost staff confidence and loyalty in your firm.

Make. Work. Better.

This is an exclusive subscriber-only story

Subscribe Today

To discuss re-use of this material, contact us.

Already a Subscriber? Log in.

Reuse and Permissions: Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact: copyright@yourworkplace.ca ; 877-668-1945.

YW staff
WRITTEN BY
YW Staff
YW Staff love to collaborate and contribute to the magazine. The editorial team at Your Workplace are always on the lookout for work-related trends and entertaining tidbits to share with our community.
thinking introverts

Highly Valued Thinking

Susan Cain’s book Quiet was revolutionary when it came out in 2012. Not only did it redefine and clarify what introversion is really about, but

robots

Your New Colleague is a Robot

A brave new world awaits the more socially inept manufacturers among us: The illustrious carmaker Ford now has assembly line workers labouring elbow-to-robot. Ford’s particular

new world of work

Brave New World of Work

Coworking spaces, automation, new programming languages popping up every year like weeds, and industries being disrupted everywhere you turn. Since 2000, we’ve already seen head-spinning