During times of economic downturn, businesses tend to respond to short-term crises with counterproductive defensive tactics like lay offs.
S Y Siddiqui Managing Executive Officer, ADMN (HR, finance and IT) Maruti
During times of economic downturn, businesses tend to respond to short-term crises with counterproductive defensive tactics like lay offs. Such knee jerk reactions ultimately hurt the only sustainable competitive advantage we have our employees.
Regardless of whether companies are experiencing an economic slowdown or an economic upswing, the bottom line is that people power is the certain route towards gaining a competitive advantage.
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