What does cost reduction cost us?
47% of companies surveyed in a cost reduction and engagement survey by AON Hewitt reported a decline in employee trust as a result of the way in which they managed cost reductions. From page 19 of The Flat Army by Dan Pontefract
Trust is a huge issue in employee engagement and we must watch all we do for the impact on trust. Cost reduction can cost us trust. How do you achieve cost reduction will maintaining or perhaps even improving trust within your organization?
David Zinger is a global employee engagement expert who uses the pyramid of employee engagement to help managers and organizations increase engagement.