Firms may rue ‘knee-jerk’ redundancy decisions

Companies that made ‘‘knee-jerk’’ decisions to fire staff or cut pay and benefits because of the recession will struggle to attract staff in the future, according to new research.

24th October, 2009

Companies that made ‘‘knee-jerk’’ decisions to fire staff or cut pay and benefits because of the recession will struggle to attract staff in the future, according to new research.

The research by accountancy firm PricewaterhouseCoopers (PwC)warns that many high-profile companies will not be able to attract top employees in the next decade, because of their current recruitment decisions.

It said that companies needed to examine how they were rewarding, motivating...

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