1. Will a job market upturn spark employee mobility?
... would be no layoffs. To reinforce the idea that management was in the same boat as employees, Mr. LaMagna and other top executives took pay cuts. Tweezerman already practiced open-book accounting, which made it easier for employees to understand the company's financials and address the business challenges the company faced. "We're now more efficient than ever because our workers ... found ways to reduce costs during the hiring freeze," Mr. LaMagna says. "We feel our employees are part of the solution, not the problem. That's why we feel the best way to dissipate the fear and stress that...
- Word Count: 613
- Approx Pages: 2
- Grade Level: Undergraduate