The majority of small business have indicated in a survey conducted by accounting and finance recruitment practice Aequalis Consulting that they will retain the majority of their staff in the downturn, and will instead cut back on employee incentives to save money.
The results suggest employers are remaining positive in the current market. The results show that 83.3 per cent of organisations plan to retain finance staff; 76.9 per cent will retain marketing staff; and 69.2 per cent foresee holding on to their sales staff.
Further to this, 72.2 per cent of businesses aim to take advantage of the current candidate pool and replace underperforming workers in 2009.
Aequalis Consulting Director Simon Boulton said the responses show Australian businesses are remaining positive and being smart about their decisions by choosing to instead “cut back on extra expenses during a time of fiscal restraint.”