The pandemic has shaken up life as we know it! More people are working from home than ever before, companies are struggling and tough decisions are being made across the board. However, we argue that NOW is the time to lean into your employees more than ever before.
A study done out of the University of Colorado looked at all NYSE publicly traded companies from 1980-2016. It found that “the companies that delayed layoffs as long as they could — whether by cutting salaries, furloughing employees, or even running in the red — saw higher stock returns, two years later, than comparable companies that laid off people from the start.”
Don’t just hold onto staff, look at developing your company’s talent. Now is the time to promote lifelong learning that fulfills your organization’s mission and your employees’ needs for new skill development in this rapidly changing world.