The response of employers and employees in working together to help firms through the recession has created a whole new situation for business management, it has been stated.
A survey by the Confederation of British Industry (CBI) found that flexibility, shut-downs, extended holidays and reductions in paid overtime have all helped companies to get by.
Commenting on the development, CBI director-general John Cridland said the recession had been "particularly bruising", but added: "One of its most positive and striking aspects has been the commitment of many businesses and their staff to work together to try to trim costs and save jobs."
He added that he hoped such flexibility will remain a permanent feature of the economy after the downturn ends.
Those looking for more help to get their business and workforce through the recession may wish to pick up a DIY pack on company management.
Chief economist at the British Chambers of Commerce David Kern said the most recent unemployment figures were not as bad as expected, suggesting the economic downturn is losing momentum.
Written by Christopher Evans
Published on: June 23, 2009