By Jessica Stanic · 21 April 2009 · Locked
As businesses struggle to stay afloat during the recession, a surprising truth about cost-cutting measures has come to light. Could cutting staff be the very thing that holds your business back from growing and thriving?
Cutting down on staff during the recession as a cost-cutting measure could actually hinder a business’ growth and profitbability rather than help it, says Nic Clark, CEO of national business development franchise 10X Limited. Recent studies conducted by the Certified Practicing Accountants of Australia (CPA) have shown that half of all businesses that cut down […]