If you read last week's blog post "Leapfrogging the competition," you know about the Barclay's Commercial survey cited in the May issue of "Tube Talk" that said 54 percent of UK businesses view the ability to leapfrog struggling competitors as their key opportunity in the current recession. You also know that 31percent view staff loyalty, retention, and productivity as their greatest opportunity during the economic downturn.
That post included remarks from a "Tube Talk" reader who agreed wholeheartedly with the findings, particularly about the opportunity to retain skilled workers. This reader shared his frustration with the trend to cut the work force to trim costs. He said, "We need to start looking for creative ways to cut back so as to keep our most valuable asset, our work force."
Another reader believes the work force-related opportunities that exist in a recession go beyond retaining your skilled workers—it's time to weed out poor performers and find the talent that can take you to the next level.