Consider this scenario:

Your company, along with most others in the industry, was hit hard by the recession. Consequently,

it felt compelled to lay off approximately 25% of its 2,000 employees. Those that remained were

asked to take a 10% reduction in pay for an indefinite period of time. In addition, they were expected

to take on many of the tasks performed by their former coworkers.

Initially, workers who still had jobs were grateful just to be working. However, once business

began to improve, employees became anxious as management wrestled with concerns that the

recession really wasnt over and worried about being able to afford another setback.

Eventually, salaries were restored and workloads reduced, but it became apparent to HR that

employee morale, which had always been high prior to the cut-backs, had plummeted; this, in turn,

adversely impacted productivity. Management agreed, and asked HR to collaborate with finance

to come up with a plan that would help prevent a similar scenario in the future.

How would you approach this task? In working with finance, what would your respective roles be?

What would you include in your study?