How do businesses adjust to the economic crisis? According to the 2009 survey carried out by the Chartered Management Institute (CMI) and the CELRE (the salary survey specialist), employers tend to redistribute skills within the company. The transfer of engineers increased of 10% in one year; 16.7% of top executives were transferred while 4.2% were fired. The same trend is true for junior executives – 18.3% were transferred and 3.5% dismissed. “It is encouraging to see employers looking for ways to avoid redundancy” said Lord John Eatwell, chief economist at the CMI, who observes that “employers are finally beginning to recognize that retaining competence is a far more cost-effective option than rebuilding a talented team from scratch.” He nevertheless afraid that businesses will have to lay off more if the recession continues.
id Lord John Eatwell, chief economist at the CMI, who observes that “employers are finally beginning to recognize that retaining competence is a far more cost-effective option than rebuilding a talented team from scratch.” He nevertheless afraid that businesses will have to lay off more if the recession continues.
Key elements go elsewhere. However, the CMI’s survey underlines another aspect of British employment due to the crisis: many employers complain that they are having a hard time keepin
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