Businesses 'should focus on bottom line of health'

Date: 07/01/2010

While businesses may use incentives and recognition with much effectiveness when trying to rally their staff, all that may be needed is improved communication to boost things on the bottom line, it is believed.

Canadian Manufacturing explained that a tough year of cost-cutting, wage freezes and layoffs have left many companies as shadows of their former selves.

As a result, stress and distractions are arising more regularly and are bringing about a decrease in productivity, though the magazine explained that good management strategies involving boosted communication can cultivate a "healthier and more positive" work environment without breaking the bank.

Vince Marsh, a senior specialist at Deloitte Canada, said: "The number one reason people leave their jobs is because they can't get along with their direct report or there's something about their manager that makes the job difficult."

It follows comments from David MacLeod, an adviser to the Department for Business, Innovation and Skills, who said that if leaders do not explain where the business is going, people cannot be motivated or know what they are meant to contribute."

Posted by Peter Chad

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