Don't overlook downturn's hidden costs

Robinson, Henry H.; Patton, Marc
November 2008
Fort Worth Business Press;11/17/2008, Vol. 20 Issue 45, p27
The article deals with the impact of economic downturn on the management of jobs and workforces in the U.S. A reduction-in-force (RIF) will lead to loss of investment in training and a loss of talent. The author says few companies appreciate hidden costs that arise from protracted economic downturns. Studies showed that anxiety, depression and negative emotional states increase as unemployment rates rise. Retained employees may be happy to have a job but fear the specter of looming unemployment.


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