Business Survival Guide – Look after your staff

Learn why it is really important right now to look after your staff, because if you don’t look after them, they may not be there when the recovery comes and you may be left behind as others grow faster than you do

Transcript

Today I want to talk about one if the strategies in my Business Survival Guide – that’s about looking after your staff, what I consider your most important asset

Not sure if you remember in the GFC, a lot of the big accounting firms laid off a whole lot of staff. This was good during the GFC as they needed to save money, but once the GFC was over, and demand for their services increased, they did not have the staff to deliver, So their revenue growth and recovery was hampered by the fact they did not have the people to deliver what they needed.

Now let’s instead compare this with a tech recruiting firm I was working with at the time. Rather than laying off staff, what they did instead, everyone took a pay cut. Now once the GFC was over, and demand for their services increased again, they had the whole team to go and find the people and they had all the connections of that team to go and to find the right candidate. So they were able to ride the recovery and grow their revenue pretty rapidly after the GFC

And if you look at the big accounting firms today, they are not making the same mistake they made last time. This time they are reducing hours.

That’s why I say it is really important right now to look after your staff, because if you don’t look after them, they may not be there when the recovery comes and you may be left behind as others grow faster than you do.

If you want a confidential discussion on your business situation, contact me below

If you like this, why not share this with a friend, simply click on one of the icons to the left or below

[simple-social-share]

Contact Wayne Wanders for your FREE Business Survival Session

To ensure I help your business specifically, the best approach I have found is to have an obligation free session with you. In this session we will review your current business in a factual and objective manner, to better understand the challenges that you face. And this session does not need to be face to face.

At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.

Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.

To get help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times, simply use the contact form on the left to email Wayne or call him on 0412 227 052.

We promise to keep your email address safe.

Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.

Wayne Wanders, A Real CFO

wayne@aRealCFO.com.au

If you like this, why not share this with a friend, simply click on one of the icons to the left or below