While the pandemic put even the strongest business leaders to the test, many argue that further challenges still await leaders – with the Bank of England predicting the longest UK recession in 100 years. But what can leaders do to weather this potential storm?
Mike Morini, CEO at WorkForce Software, chatted with Employer News about how to keep employees engaged during a recession and gives his insights for leaders to navigate these challenging times.
“During times of uncertainty, prioritise the essentials and identify ways to work to your employees’ strengths. This requires decisiveness, even when team members may struggle to let things go,” Morini says.
He continues, “Identify activities that matter most to the business and execute with unwavering prioritisation so you can gain ground even when times are more challenging. Letting go of some projects or priorities can be a better strategy than trying to do it all with fewer resources.”