Management is a Journey®

Helping You With the People Side of the Business™

How to Motivate Employees During a Down Economy

How to Motivate Employees During a Recession

It is no secret that the business environment is an employer’s market in times of economic downturn.

Employee turnover diminishes and employers have many applicants for any open positions. The result for many firms is forced employee loyalty and declining employee motivation and morale.

An employee attitude survey by Kelton Research conducted during the Great Recession found that managers were missing simple strategies to improve employee morale during that down economy. The information from this survey is timeless and its general findings could apply to a number of business situations including organizational restructuring, major changes in business strategies, etc.

Here’s what the survey found that employees want from their managers  as expressions of appreciation for their loyalty during times of organizational difficulties:

  • Training for new duties and responsibilities (33%)
  • A promotion or new title (33%)
  • Verbal recognition for their performance (32%)
  • Specific feedback on their performance (26%)
  • Discussion about their career path at the company (25%)
  • Company-wide recognition for their accomplishments (24%)

The survey concludes that managers’ lack of feedback and employee development will lead to employee apathy.

Managerial inattention to this growing apathy will hurt the overall productivity of the organization, particularly when the general economic and business climate improves for markets in general and employees in particular.

Three things organizations can do to keep employee morale positive during a down time are (1) provide verbal recognition, (2) discuss career path opportunities, and (3) provide training for new duties. Click To Tweet
Written by Robert Tanner | Copyrighted Material | All Rights Reserved Worldwide

Robert Tanner, MBA

Welcome to my leadership blog. I'm the Founder & Principal Consultant of Business Consulting Solutions LLC, a certified practitioner of psychometric assessments, and a former Adjunct Professor of Management. As a leadership professional, I bring 20+ years of real world experience at all levels of management.

Expert Interview

Wall Street Journal

Expert Presenter

Association of Talent Development

Expert Interview

Society for Human Resource Management

MANAGEMENT DEVELOPMENT

READY to take the next step in your success as a manager?

Become a Management is a Journey® Patron and gain access to premium membership content to help you succeed with the people side of the business.

(NEW content added monthly)

Bronze Tier Membership

$5.00 monthly (17¢ per day)

BENEFITS

  • Patron-only articles
  • Patron-only audio
  • Patron-only videos

BONUS

  • Special Report: Managing Generation Y (Millennials)
  • Access to premium leadership blog content

Silver Tier Membership

$10.00 monthly (33¢ per day)

BENEFITS

  • Minibooks
  • Tools
  • Patron-only articles
  • Patron-only audio
  • Patron-only videos

BONUSES

  • Special Report: 9 Steps to a Motivated Workforce
  • Infographic Cheatsheet Questionnaire: Is Your Organization Ready for Change?
  • Special Report: Managing Generation Y (Millennials)
  • Special Report: Managing Baby Boomers
  • Access to premium leadership blog content

Gold Tier Membership

$15.00 monthly (50¢ per day)

BENEFITS

  • Lessons
  • Minibooks
  • Tools
  • Patron-only articles
  • Patron-only audio
  • Patron-only videos

BONUSES

  • Special Report: 30 Low & No Cost Ways to Reward Your Employees
  • Special Report: 5 Strategies to Build Support for Organizational Change
  • Special Report: 9 Steps to a Motivated Workforce
  • Infographic Cheatsheet Questionnaire: Is Your Organization Ready for Change?
  • Special Report: Managing Generation X
  • Special Report: Managing Generation Y (Millennials)
  • Special Report: Managing Baby Boomers
  • Access to premium leadership blog content