How Do Companies Communicate with Employees in Difficult Times?
In my experience, there are two main schools of thought on how companies should communicate with employees during a recession.
1) It is better to wait to communicate with employees until you have all the information you can gather. Otherwise, employees may ask questions you cannot answer and you may look bad from their perspective.
2) We all live in a world of uncertainty and waiting before presenting information will only stimulate the rumor mill and employee anxiety.
This blog post will summarize why I prefer the latter approach. I will use as an example the situation I wrote about recently, of having to layoff or terminate employees as a last resort to get through a recession.