The concluding financial year is witness to huge job losses all over the world. Obviously, any management finds difficult to keep its entire team intact when there are no buyers for its products. During such a phase, one has to think deeply of the impact of cutting an employee’s salary in the long-term interests of the Company and its survival. But the best solution to beat the market slowdown, according to a study conducted by the American Management Association (AMA), seems to be the other way round-“Invest in Employee Fun.” So, do you also agree that people-centric approach is better than process-centric approach?
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