Wednesday, 14 July 2010

Getting through the Slow Recovery

Well it has been finally decided, the current UK Government has decided that if we are to get through this recession then it is going to have to be via the long, slow, steady [but secure] route. Yes, the entire nation is going to have to buckle down and share in this, until we come out the other side.

But this is going to cause some problems as some can afford to share it a bit more than others. The wealthier will have much easier time than the less wealthy, and this goes the same for people as it does for organisations. Whilst the large conglomerations can just take a dent in their profits the smaller companies will have to look where to cut corners whilst still trying to run the business at full strength.

Of course there are some things which can be discarded, others which can be trimmed back and others which must be maintained. Some things which must be retained are those benefits which keep your best staff and help to attract new staff. Part of this package is undoubtedly offering some cheaper corporate medical insurance because although, this does seem like a luxury, it does save everyone in the long run.

When all is said and done, offering more, even if cheaper will attract more than trying to cut and driving your valued partners and colleagues into the waiting arms of those who are willing to offer them a better deal, and with it some of your business.

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