Growth / 2009 / DVDRip / 700 MB
Job and people-cost cuts may save cash in the short term, but do not necessarily create a winning platform for the future. Organisations succeed when they are known for creating a workplace that attracts highly-skilled professionals, supports their development and places them in pivotal roles.
When times are good and the economy is buoyant, it is easy for organisations to talk about the importance of their people and their commitment to professional development. However, when the business cycle turns downwards and the economic temperature drops sharply, it is a different story. The people agenda that once seemed so important seems to lose a lot of its significance when sales are in freefall, the flow of credit has slowed to a trickle and the future of the organisation itself is in doubt.
To say the least, the past 12 months have been challenging for our clients and for PwC. We have done our share of cost-cutting and belt-tightening. We have delayed or scaled back several human capital programmes. Some member firms have made the painful decision to shrink their workforces. Put simply, it has been tough.
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