Industry News
4/7/2020
Pixabay

Organizations often will implement a hiring freeze to cut costs and avoid layoffs during economic downturns, but this strategy can create damage -- bruised morale, poor performance -- in the long run, says Brian Formato, CEO and principal at Groove Management. A headcount freeze is a more effective option, allowing companies to maintain full-time staff numbers, recruit for top talent and eliminate low performers.

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