Good Management Practice During Uncertain Times

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Good Management Practice During Uncertain Times

Summary:

When the threat of redundancy is high, morale is low and job certainty bleak, effective management is vital. Good communication, motivation and employee care are skills that will need to be employed in order for the workforce to maintain productivity. In this article, Ben Wakeling gives his thoughts on managing a workforce through economic instability.

Wakeling stresses that effective and thorough communication is a top priority during times of recession in order to ensure information is disseminated efficiently and comprehensively to everyone, putting a stop to the rumor mill. He also introduces seven emotional stages coined the “change curve.” These seven stages include shock, anger, denial, blame, fear, understanding and acceptance. Similar to the five stages of grief, how a person travels along this curve is dictated by their own unique personalities. Effective management is critical to ensure that the business is steered through the difficult economic climate with minimum damage and is in a strong position once the market improves.

Article Quote:

“Bleak futures brought about by a poor economy can be immensely distressing for many employees of a company. Good management is critical to minimise any adverse impact.”

Article Link: http://human-resources-management.suite101.com/article.cfm/good_management_practice_during_uncertain_times

Always critical even at the best of times, solid management practices are most important during times of uncertainty. Failure to address employees’ emotional crises will leave a business in poor shape to meet the demands of a recovering economy.

For more on management practices, see http://www.managepro.com/management.html.

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