Budget Cuts – How to keep moving forward with your TM strategy
Budget cuts, both in the public or private sector, always result in the
requirement to do more with less – to achieve strategic goals with fewer
resources than you had in the past.
The fact of the matter, however, is that budget cuts to Talent
Management initiatives can have the opposite of the intended effect –
decreasing efficiency, lowering morale and leading to long-term
difficulties and financial losses. Take a closer look at why these cuts
are being suggested, and consider the wider implications of reducing
investment in such a critical component of business strategy and
planning.