Tag Archive: recession


Here is something that will help in these difficult times….

The recession is viral and it has spread like wildfire. Few businesses have escaped the effects of the ongoing economic recession. The downturn has made it difficult to manage morale and take care of employee needs. Workplace motivation has plummeted, and things are only threatening to get worse. It is important to keep your team motivated during this recession. Here are six great tips for motivating your team in the face of adversity.

Be Honest

Honesty is the best policy when it comes to motivating your team. Employees will be questioning how their jobs and lives will be impacted by the recession. Don’t sugarcoat the information that you provide. Deliver clear messages and be honest about what is going on in your business.

Stop Gossip in its Tracks

Gossip is the number one killer of workplace motivation. Rumors about layoffs, cutbacks, or pay freezes can set your employees’ minds in motion. When you hear rumors floating around the workplace, squelch them as quickly as possible. If something becomes pervasive and problematic, you might have to hold a special meeting to boost team motivation.

Get Out of the Office

Motivating your team will be much easier if you all get out of the office and relax. Organize an offsite lunch or special outing as a means of energizing your team and stirring up creativity. This type of team motivation activity may come at a high price, but the positive return will be worth the investment.

Listen

Workplace motivation during a recession will also be impacted by things that are happening in your employees’ personal lives. Practice active listening skills and be sensitive to the needs and concerns of your employees.

Don’t Let Fear Cause Paralysis

Whenever there is a crisis of any kind, fear is often times a factor that gets teams off track. With the many threats that recession poses, your employees will be extremely susceptible to fear. Don’t let fear have a negative impact on team motivation. Exercise control over the things which can actually be controlled, and dismiss worries about those which cannot.

Recognize and Reward Accomplishments

Motivating your team with recognition and rewards for accomplishments is the most effective means of keeping things moving during this recession. While there may not be money in the budget for tangible rewards, a certificate of recognition, thank you note, or pat on the back goes a long way when it comes to workplace motivation.

Implementing a combination of these strategies can enhance team motivation in your workplace. The most important thing to remember during this recession is that people and relationships need to be managed with care while it is upon us. Keep the lines of communication between you and your employees open so that you can be successful in stopping the spread of fear and encouraging teamwork. While you cannot control the economy, you can exercise some influence over workplace motivation.

(from morebusiness.com)

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Recession hits dinosaurs

A 150-million-year-old complete and mounted skeleton of a dinosaur has failed to sell at a New York auction.

There are only two skeletons of its kind in the world; the other Dyosaurus skeleton in existence is on display at the Carnegie Museum in Philadelphia, the IM Chait Gallery said in a statement before its Natural History Auction on Saturday.

The 150-million-year-old, 2.7 metre long and 0.9 metre wide skeleton of the Jurassic age dinosaur was discovered in Wyoming in 1993 and was expected to sell for around $500,000.

Although two US museums expressed interest in the dinosaur skeleton, they could not afford the minimum bid, broadcaster CNN reported.

The fossil was dug up by Western Paleontological Laboratories in Lehi, Utah, which was selling it for economic reasons. It took two years to reconstruct the skeleton.

Ali baba and chaalis chor is now Ali baba tees chor…10 were laid off!

Batman and Robin is now Batman and Pedro. Batman fired Robin and hired Pedro because Pedro was willing to work twice the hours at the same rate!!

Ironman now “air-pooling” with Superman to save fuel costs?!!

Women finally marrying for love! And not money!

Husbands asking their father-in-laws for a “bailout”!

The only “deposits” being made on a Ferrari are the ones made by birds flying over them.

Q: With the current market turmoil, what’s the easiest way to make a small fortune?
A: Start off with a large one.

Q: What’s the difference between an investment banker and a large pizza?
A: A large pizza can feed a family of four.

The credit crunch is getting bad isn’t it? I mean, I let my brother borrow $10 a couple of weeks back, it turns out I’m now America ‘s third biggest lender.

Why have Dubai real estate agents stopped looking out of the window in the morning? Because otherwise they’d have nothing to do in the afternoon.

Q: What’s the difference between an American and a Zimbabwean?
A: In a few weeks, nothing.

Dow Jones is re-branded as “Down Jones”.

Goodyear is now re-branded as “Bad Year”.

Money talks. Trouble is, its knows only one word – goodbye.