Global Performance Development Firm, LTC Performance Strategies Outlines Five Proven Techniques for Motivating Employees in a Down Economy
LTC Performance Strategies, a 25 year old leading performance development and compensation firm, releases a report that outlines proven tools to help organizations continue to motivate and train employees, when budgets are being slashed and layoffs are the norm of the day.
Los Angeles (PRWEB) December 19, 2008 -- At every turn, the news is not good. Layoffs at U.S. firms in November surged to their highest monthly level in nearly seven years, led by the financial and auto sectors, according to separate reports released in early December. Job cuts announced in November totaled 181,671, up 61% from October and 148% higher than November 2007, according to outplacement firm Challenger Gray & Christmas. The November planned layoffs were the largest monthly toll since January 2002.
With so many employers cutting jobs and slashing budgets, how do leaders motivate and continue to grow their employees' skills during hard economic times? Leading performance development and compensation firm, LTC Performance Strategies, located in Valencia, California has just released a report that outlines five proven techniques for employers to implement when times and budgets are tight. According to Terry Comp, principal in LTC Performance Strategies, "Now more than ever, employees need to be motivated and need to continue to develop new skills in order to keep up with the ever changing marketplace demands." Ms. Comp continues, "It is common during these times to place the majority of emphasis on the outgoing employees. By doing so, the remaining employees can feel overwhelmed and unmotivated."
The two-page report is full of simple, proven solutions that can be implemented quickly and with little disruption to daily activities. The full report can be found on the company's website http://www.ltcperformance.com. Highlights of the report include these recommendations for helping employees to learn and grow in a tough economy:
1. Adhere to a Regular Training/Learning Schedule. This will demonstrate to employees an ongoing commitment to their development.
2. Use Short, Tightly Focused Modules. Decide on the most important learning objectives and deliver short, tightly focused workshops.
3. Make Learning Relevant. This is more important than ever, given budget and culture issues. Don't use a canned approach that is not relevant to the issues facing the organization.
4. Strive for Transparency. Communicate often and clearly about your training goals.
5. Leverage New Technology. When budgets are tight, utilize conference calls, webinars and other cost saving technologies.
The report also highlights the fact that providing an environment of continuous learning and growth will help organizations weather this economic storm and see a greater return on investment as employees continue to grow and learn and surge past these challenging times.
About LTC Performance Strategies:
LTC Performance Strategies, Inc. (formerly Humanomics, Inc.) is a 25-year old Los Angeles-based "boutique" organization specializing in total compensation, learning and development and employee communications solutions. Serving global, "world class," brand leaders across industry, the LTC Consulting team delivers exceptional value by providing simple, proven and practical ways to attack complex business and human resource challenges. LTC's mission is to improve client productivity, profitability, and organizational culture through innovative compensation, communication, and learning/development solutions. Visit http://www.ltcperformance.com for more information.
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