Home Archives December 2008 Keeping employee spirits up in a downturn

Keeping employee spirits up in a downturn

| Print |  Email
Monday, December 01, 2008

It’s not often the relocation of a business to a smaller office space is credited for improving employee morale.

But when Rose City Mortgage Specialists in Portland did just that in October, it helped reduce the overhead costs of a company in the hard-hit real estate industry. “[Employees] feel like at least we are not going out of business,” says Renee Spears, president and CEO of the company.

Understandably, many workers are worried about the health of the economy, their 401k plans and job security. Maintaining a positive spirit in the workplace during a recession can be challenging.

Business and human resource leaders agree that transparency is one way to maintain employee morale in tough times. As daring as it might sound to share financial information on the well-being of your company, the more an employee knows the more empowered they feel.

“Employees need to know if we are making money or not making money,” says Ken Madden, a vice president at Madden Industrial Craftsmen, a private industrial and construction staffing firm in Beaverton.

The notion of a private company opening up its books to employees is relatively new, but one that is increasingly necessary and justifiable, says Madden.

There are always the standby employee-recognition programs and gift-card giveaways, though ongoing communication by top executives and seeking employee input on ways to deal with some budget issues are the most effective, says Tom Kelly, a senior vice president at the HR and management consulting firm Ameriben Solutions/IEC Group in Portland. The company’s chief financial officer recently sent an email to 220 employees explaining the firm’s financial status.

To reduce stress at the workplace, once a week Spears holds a yoga session with an instructor at the office for employees. To cut transportation costs and the stress of commuting, each employee is allowed to work from home one day a week.

Heading a small company, Spears knows when morale is waning with one of her 15 employees. When one of her loan officers was having a difficult day and feeling low, Spears gave the agent the day off and offered personal words of encouragement.

Madden also knows he can’t survive the downturn with bummed-out employees. So he gives out Portland Blazer tickets to employees, one of the hottest seats in town.                                       


JASON SHUFFLER

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it


 

More Articles

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Back to School

September 2014
Wednesday, August 27, 2014
BY LEE VAN DER VOO

By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS