Down Time Results = Up time Readiness
Down Time Results = Up Time Readiness
By Victoria Fuehrer, CCP, SPHR, President of PORTICO Consulting
Economic turbulence can paralyze the potential of people and companies. This is a rare window of time to build new paradigms and disciplines that can carry over to the up times. Seize this opportunity to double up your future successes rather than double down your current challenges. This is the time to:
- Establish a baseline of performance on HR metrics
- Take stock of leadership strengths
- Conduct a robust analysis of compensation and benefit costs
- Fine-tune the employment exchange
- Create consistent competency criteria for managing high performance talent
- Redesign work to support business objectives
- Make, modify and manage your metrics
- Be relentless about performance management
- Make tough decisions and reallocate costs
- Create compelling compensation programs
- Build a robust employee value proposition
Economic downturns eventually end. What you do in the down time determines if you will have an uptime. Don’t diddle away your down time – RETOOL now!
Contact PORTICO – we can help your company re-position for recovery
612-414-7629
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