Time to shine

Chynoweth, Carly
February 2010
People Management;2/25/2010, Special section p10
The article focuses on reward strategies developed by firms to balance costs and performance in the midst of the economic recession. Duncan Brown, director at the Institute for Employment Studies, states that pay freezes forced reward managers to think of creative ways to cut costs and maintain motivation and engagement. It pushed reward managers to collaborate with other departments to tackle incentive schemes and be familiar with the organization's financial situations. INSET: The interim reward manager's view.


Related Articles

  • Tweaking tradition. Bertagnoli, Lisa // Crain's Chicago Business;12/14/2009, Vol. 32 Issue 50, p23 

    The article discusses the impact of recession on celebrations and traditions. Rick Garlick, director of consulting and strategic implementation for Maritz Inc., used to host an open house for 75 friend each December by hiring caterer, decorating his home and getting the carpets cleaned. This...

  • Confronting Recession Head-On. Durant III, James M. // GPSolo;Oct/Nov2009, Vol. 26 Issue 7, p6 

    The article gives a fictional account of a lawyer's routine in the U.S. and his ways of dealing with the current slowdown. It relates this fictional account to decline in lawyer's fees, foreclosure of his home, and the clients lost by him due to their cost cutting measures. It also discusses the...

  • 12 Ways to cut cost, not quality.  // Restaurant Business;Dec2009, Vol. 108 Issue 12, p28 

    The article offers tips for restaurateurs on how to cut cost amidst the global financial crisis in 2009. It advises restaurateurs to analyze costs on every menu item and be flexible to react. They are also suggested to avoid couponing and discounting, establish new lines of business and...

  • You've Made The Cuts, Now Focus on Profitable Growth. Cronin, Garrett // Accountancy Ireland;Feb2010, Vol. 42 Issue 1, p30 

    The author discusses the schemes in accelerating profitability for business improvement. The author cites the strategies of several companies in combating the worldwide crisis including manpower reduction and implementing cost cutting measures. The author suggests the assessment of products and...

  • Can Your Budgeting System Cope The Credit Crunch? McCormick, Tim // Accountancy Ireland;Feb2010, Vol. 42 Issue 1, p32 

    The author discusses the methods regarding budgeting management amidst the global financial crisis. The author notes that several companies have implemented cost cutting measures in order to maintain their operations amidst the global financial crisis. The author highly suggests proper cash...

  • Strategic Cost Reduction Steps to Success. McCormick, Tim // Accountancy Ireland;Apr2010, Vol. 42 Issue 2, p56 

    The article offers tips on how to have successful cost reduction strategies in Ireland. The author mentions that reducing cost is a long term problem of firms because it is made in haphazard fashion, resulting to short-term savings. To decrease cost during economic crisis, it is suggested to set...

  • Pharma's troubles are deep-rooted.  // Pharmaceutical Technology Europe;Nov2009, Vol. 21 Issue 11, p10 

    The article discusses the problems faced by the pharmaceutical industry in Europe due to recession and other factors. According to the French consultant firm, Capgemini Consulting, the global financial crisis has put the industry in a cost reduction awareness. However, Capgemini stressed there...

  • Cost-Cutting Moves Lead to Profitable Year For Biotech Industry. Chambers, Heather // San Diego Business Journal;5/10/2010, Vol. 31 Issue 19, p1 

    The article reports on the impact of cost-cutting and efficiency measures on profitability in the biotechnology industry in San Diego, California in 2009. The Ernst & Young's "Beyond Borders: Global Biotechnology Report 2010" reveals that biotechnology firms clustered in the U.S. Canada, Europe...

  • AUTHOR BIOS. Smyrlis, Lou // Canadian Transportation & Logistics;Nov/Dec2009, Vol. 112 Issue 11, p10 

    The article discusses the author's expectation for supply chain management in Canada for 2010. The author says 2010 will be the recovery year for supply chain management after surviving from the recession in previous year. The author also expects that supply chain would contribute to the firm's...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics