Influencer News Hubb
Advertisement
  • Home
  • News
  • Influncer
  • PR
  • Instagram Marketing
  • Social Media
  • Contact
No Result
View All Result
  • Home
  • News
  • Influncer
  • PR
  • Instagram Marketing
  • Social Media
  • Contact
No Result
View All Result
Influencer News Hubb
No Result
View All Result
Home PR

How to lead your team through a recession

admin by admin
November 23, 2022
in PR


How to lead through a recession

The past few years have had our heads spinning in so many ways. Now, despite a labor market where demand still outpaces supply, continued inflation is stoking fears that a recession may be coming. And most of us know that negative economic growth often leads to hiring freezes or layoffs.

Some leaders that we work with are revisiting 2023 plans to reexamine whether new headcounts are critical, whether significant capital expenditures can be delayed and if contracts can be renegotiated. Overall, they are proceeding with caution and feeling the pressure to deliver — or over-deliver — on key KPIs, while keeping their teams focused and optimistic.

 

 

But not all of the news is doom and gloom. “We’re still seeing hiring; we’re still seeing growth,” Insight Global CEO Bert Bean said in a recent Forbes article.

Bean continues to say that, “During a recession, all the nonsense gets stripped away. This is as true in our personal lives as it is at work. Recessions give you a great excuse to focus on the things that really matter.”

We have been through this with the pandemic and we are more resourceful and resilient than ever. This is true, especially for communicators who have been on the front lines ever since.

Regardless of what’s ahead, as the past few years have taught us, we still must prepare for anything that comes our way. So, how can you best navigate what’s ahead to ensure that you are doing all you can for yourself, your teams and your organization?

I believe that we can still keep our eye on cultivating great work, proactively protecting ourselves and our roles in the organization, and keeping our teams motivated along with doing what we need to prepare and be ready for anything with these simple steps.

Protect your role and your team:

  • Ramp up cross-functional communication and collaboration to demonstrate that you are driving efficiency and organizational effectiveness.
  • If you notice your boss is stressed, ask how you can help them. You’d be surprised how much it matters when direct reports raise their hand to do more and offer to help ease pain points that arise.
  • Create opportunities for growth and development within your teams (coaching, learning, training — there are many ways to do this without using too much of your budget)- It will keep them positive and engaged while also helping to retain your talent.
  • Get creative and look for ways to drive alternative revenue streams — or savings and efficiencies — for the organization.
  • Make sure your team’s 2023 goals and priorities are fully aligned with the CEO and the board’s so there’s no doubt your efforts are supporting the business and contributing to the company’s financial goals.

Protect yourself, just in case:

  • Make sure your resume and LinkedIn profile are up to date.
  • Tend to your network — keep it robust and meaningful.
  • Look for thought leadership opportunities on LinkedIn — share your insights on events and news related to your area of expertise, write an article on a timely topic; and, become a more active participant in relevant conversations going on there.
  • Look for additional opportunities to be seen as an expert by speaking on panels, offering to moderate at industry events or even creating a podcast.
  • Think strategically about if and where you would like to work next by creating a target list that I call the 3 Ps: The Prospects, Pivots, and Passions.

Here’s a video to help you navigate this.

Most of all, stay positive and future-focused. All of the above are good practices for you, whether the economy is soaring or sputtering. Putting in a little extra effort now to keep your skills fresh and your name in front of people is always worth it and can mean the difference between feeling confident or fearful about what’s ahead.

As Bert Bean observed, recessions “give us the chance to learn how to patiently wait on the right outcomes. We learn a lot about ourselves in the process.”

You got this.

Mary Olson-Menzel is the founder and CEO and Founder of MVP Executive Development and co-founder of Spark Insight Coaching.

COMMENT





Source link

Previous Post

Despite inflation, consumers’ confidence to spend is greater than brands and retailers believe

Next Post

Athens Ramseyer’s Guide to Influencer Affiliate Marketing | by Samsonnwhite | Nov, 2022

Related Posts

PR

Makeup influencer accused of faking accent, ‘Creed III’ actor faces legal problems and more 

by admin
March 27, 2023
The metaverse business metamorphosis is underway—and early adopters will reap the biggest rewards
PR

The metaverse business metamorphosis is underway—and early adopters will reap the biggest rewards

by admin
March 27, 2023
PR

6 questions with: Renee Malone of KQ Communications

by admin
March 26, 2023
How to win at email marketing: An advanced guide to writing for results
PR

How to win at email marketing: An advanced guide to writing for results

by admin
March 26, 2023
PR

Takeaways from TikTok’s congressional hearing, Amazon high fives customers and more  

by admin
March 25, 2023
Next Post

Athens Ramseyer’s Guide to Influencer Affiliate Marketing | by Samsonnwhite | Nov, 2022

Recommended

Some Are Clearly Missing The Point Of The 40-Year-Old New Wave Hit ’99 Luftballons’

February 4, 2023

Which Are Best for Your Campaign?

December 19, 2022
Traackr Simplifies Influencer Product Seeding and Reduces Waste with New Shopify Feature I Traackr

Traackr Simplifies Influencer Product Seeding and Reduces Waste with New Shopify Feature I Traackr

March 25, 2023

Will Twitter User Engagement Take a Dive in 2023?

March 5, 2023

The Best Scary Podcasts on Spotify

February 17, 2023

Musk Accuses Media Of ‘Racism Against White People’ In Latest Targeted Attack

February 27, 2023

© 2022 Influencer News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Influncer
  • PR
  • Instagram Marketing
  • Social Media
  • Contact

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Influncer
  • PR
  • Instagram Marketing
  • Social Media
  • Contact

© 2022 Influencer News Hubb All rights reserved.