As a leader, what strategy are you using for crisis recovery?
Strategy has become top of mind for business leaders. Too be sure, we are faced with incredible hurdles, many of which are outside of our control. As a result, many leaders have taken drastic measures.
On May 8, 2020, the U.S. Bureau of Labor Statistics reported their findings from two monthly surveys: households (measuring labor force status, including unemployment) and establishment (measuring non-farm employment, including hours and earnings by industry). According to the report, unemployment increased to 14.7% in April, and temporary layoffs increased ten-fold to 18.1 million.
Conversely, some industries (including call centers and IT, warehousing and distribution centers, manufacturing and sales, healthcare and finance) are seeing a labor shortage, including management and specialty roles. Facing a serious shortage of employees, leaders struggle to recruit and retain qualified candidates.
Whether you’ve had to cut hours, furlough employees, or fill positions, a speedy business recovery requires the right strategy. Smart leaders focus on productivity. They engage their employees in the development and refinement of processes and systems to improve output.
This article and Article Nuggets explore productivity as the best business strategy for crisis recovery, and how leaders, managers and employees can improve output.
This is a brief synopsis of a 1,385-word article and 4-Article Nuggets*, suitable for consultants’ newsletters for executives and leaders in organizations. It is available for purchase with full reprint rights, which means you may put your name on it and use it in your newsletters, blogs or other marketing materials. You may also modify it and add your personal experiences and perspectives.
The complete article includes these important concepts:
- Productivity versus efficiency
- Employee productivity: your key to speed
- How managers can increase output in the wake of a crisis
- Team engagement (virtually, or in person)
- Best practices of highly productive leaders
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- The Best Business Strategy for Crisis Recovery – 1,385-word Article, $57
- The Best Business Strategy for Crisis Recovery– 4-Article Nuggets*, $64
*Article Nuggets: The same article broken up into 3-5 blog-style sections suitable for a series of blog posts or shorter newsletter articles.