David Cote
Most managers underestimate how much disruption layoffs create; they consume everyone in the organization for at least a year. Managers also typically overestimate the savings they will achieve and fail to understand that even bad recessions usually end more quickly than people expect. …furloughs [are] one way of positioning us for any outcome. To understand that reasoning, look at what really happens when you do … [ Read more ]
Content: Quotation | Author: David Cote | Source: “Harvard Business Review” | Subject: Human Resources