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You’ve heard it a million times, but it still rings true: Your people are your organization’s greatest asset. That’s why, in a recession, one of your business’s main focuses must be retaining them.
Unfortunately, when the economic outlook takes a downturn, leadership often gets tight-lipped about the state of the business and plans for the future. It’s easy to understand why. Recessions can lead to teams falling short of KPIs and having to make hard choices.
But secrecy has a negative impact on people. It creates insecurity, reduces morale, and lowers productivity. When you keep your people in the