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With record inflation, a global recession, and headline-making waves of recessions, it’s no surprise that HR teams across the globe are worried about employee engagement and retention. As a critical strategy for maintaining (or even improving) your company’s culture through tumultuous economic swings, doubling down on employee feedback is more important than ever.
This article explores how trust, transparency, and open communication with your people during a recession are fundamental for positive business outcomes. We’ll also review ways to help alleviate the financial—and emotional—stress economic downturns place on everyone.
The challenge of employee engagement in difficult times