Recession anxiety is at the top of the news every day. It's inevitable that your team and staff will be affected.
Symptoms of recession anxiety include: chronic worry about job security and financial issues. Is your business going to survive? Will you have to lay people off? Arguments, gossip, stress-related ailments, and loss of productivity due to managers and employees taking sick days can reduce your company's effectiveness at the time you need it most.
Here are some guidelines for proactive management:
. Keep information flowing. Employees who sense that management is holding out on them by witholding information tend to lose motivation. Even if the future of your business is uncertain, keep your team informed and make sure the flow of information reaches everyone in the company.
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