Cutting costs without cutting engagement

Cutting costs without cutting engagement
Document type
Paper
Corporate author(s)
Hay Group
Publisher
Hay Group
Date of publication
1 July 2009
Subject(s)
People management: all aspects of managing people, Management & leadership: including strategy, public sector management, operations and production
Collection
Business and management
Material type
Reports

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This article is based on Hay's recent Reward in a downturn survey of 2000 companies worldwide showing that the number one concern of employers right now is maintaining employee engagement, a picture also mirrored in the UK. Out of the 98 leading UK employers surveyed, thirty three per cent are expecting to miss business targets and fifty eight per cent are cutting or freezing salaries. As a result, many managers presume that employee engagement will be an inevitable casualty.

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