Companies which choose to cut staff numbers in reaction to the looming recession could be enjoying a false economy, recent research has found.
Research from US firm Kenexa has discovered that those who retain their jobs following a round of redundancies typically work less and suffer from lower morale, meaning a business fails to achieve the cost cutting benefits it was hoping for.
Instead, robust graduate recruitment could ensure a company earns a competitive edge during the economic downturn, and does not simply tread water as many others may do.
"After the chaos of downsizing, it is imperative that leaders work hard to re-instil confidence in the viability of the organisation, as well as set up support systems for work stress," said Jack Wiley, executive director at Kenexa Research Institute, in a Management Issues report.
"The aftermath of layoffs is messy, but unwavering leadership can heal their organisation more quickly by equipping employees to do more with less in their attempts to meet and exceed customer needs," he added.
Accountancy graduates could be particularly valuable to an organisation at present as, more than ever, businesses need to be aware of every penny they have.
Show me
audit jobs
