Posts Tagged ‘recession’
Live music sales in the recession
27 December 2010 | 
Author Has the recession affected the sale of live music? Are ticket sales down? There are mixed messages in this good BBC article and with comments from Phil Collins, Paloma Faith, Mick Jones, Mark King, Rick Parfitt and Midge Ure there are some interesting quotes.
The article lacks any real conclusion and there is no real data. The thing of note to me is how similar the marketing of live music is to the marketing of other consumer products.
Read the full article: http://www.bbc.co.uk/news/entertainment-arts-11981982
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Posted in Music marketing | 
Tags: BBC, consumer products, live music, Mark King, Mick Jones, Midge Ure, Paloma Faith, Phil Collins, recession, Rick Parfitt, ticket sales | 
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There’s more to reward than headline-grabbing stories about City bonuses
The past year has been a tale of two sectors for reward. While most private-sector organisations froze pay in 2009 to keep down costs, much of the public sector continued to award pay rises, typically of 2 to 4 per cent, often dictated by long-term pay deals.
This year, with the economy poised on the brink of an upturn but faced with huge constraints on public spending, the situation is heading for a reversal. The CIPD’s 2009 Reward Management survey report shows that the private sector’s priority this year will shift from cost cutting to ensuring competitiveness with market rates, while the public sector has been put on notice by ministers to expect only minimal pay increases for the foreseeable future.
>>> read the full article at People Management
Posted in Employee Engagement, Management | Tags: CIPD, People Management, recession, reward | No Comments »
Reward after the recession
The recession has left employers scrambling to cut business costs, yet many are still pushing for higher productivity from their employees. During such turbulent times, companies can often lose their focus on employee motivation. However, if employers simply push their staff to perform better – without providing them with the appropriate incentives to do so – the effect on productivity and staff morale can be devastating.
Now is the time to focus on staff motivation. As companies begin to fight their way out of the economic downturn, priorities need to shift dramatically from merely keeping afloat to maintaining a high level of customer service and ensuring productivity among all members of staff.
>>> read the rest of this article
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Posted in Employee Engagement, Management | Tags: customer service, productivity, recession, rewards, Sodexo, Sodexo Motivation Solutions | No Comments »
Embracing diversity
Why diversity matters when coming out of a recession … Embracing Diversity – a white paper from Sodexo
Equality and diversity – a strategic decision in maximising the value of your recovery from recession.
Equality legislation has existed for over 25 years – supporting the rights of individuals from all backgrounds to fair and just employment opportunities. Over the last 10 years we have seen an increase in this legislation, and the formation of the Equality and Human Rights commission. In Spring 2010 the introduction of the Equality Bill brings all of this legislation together under one law. The Equality Bill puts more responsibility on employers, and a legal framework to prosecute those that do not comply.
Treating people with dignity and respect and offering equality of opportunity is good practice for any organisation and should be mainstreamed into all organisations. The timing of the Bill means that, along with flexible and voluntary benefits packages for employees, Diversity is a core subject whilst considering recession recovery strategy.
Diversity is wholly in keeping with the values of our Group – service spirit, team spirit and spirit of progress. I am fully convinced that the diversity of our staff’s ideas, origins, cultures and know-how is a source of innovation and progress, as well as a spur to growth for our Group.” - Michel Landel – Group CEO Sodexo
No need to register or leave your email address. Use this link to download the full white paper titled Embracing Diversity.
This paper was written by Gamiel Yaffai. Gamiel has spent the last 10 years working to promote the business case for Equality and Diversity. Gamiel specialises in supporting organisations move from policy to practice and has been involved in developing a number of innovations to help organisations along their journey. He has worked with over 150 organisations and is responsible for developing tools such as the Equality Suite and Diversity Online.
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One man Games Workshop stores
Innovation during the recession was being hypothesised before Christmas. Personally I’ve not spotted a great deal of good examples so far. So I was pleased to notice that Games Workshop are innovating to expand.
The Games Workshop plan is to enter smaller towns…profitably. This will be achieved by opening one man stores that trade five days a week.
Perhaps we could have lots of shops restricting their opening hours to cut costs? How about closing on Sundays? No, it’s a silly idea.
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Posted in Marketing, UK retail marketing | Tags: costs, Games Workshop, innovation, recession, Sunday trading | No Comments »
Rewarding in times of uncertainty
The UK economy shrank for the first time in 16 years between July and December 2008, according to the Office of National Statistics – suggesting that the UK is now in a recession. We are all wondering what tomorrow will bring, and we can’t take anything for granted. However, we can be certain about a few things:
We must adapt quickly to the situation
We need to become more discerning in our management, more responsive to our environment and more decisive. We need to develop the ability to adjust daily to market condition changes and to guide those around us. Long-term focus must be complimented by very close daily management and excellent customer care.
Amongst the many threats, there are also opportunities
We must adopt a mindset where we actively look for opportunities; to challenge faults within our business, improve internal processes and create ways to add new and different value for our customers.
There will be winners and losers
Market positions will change and the most competitive players will rise to the top. Organisations need to continue to invest in their competitiveness. And in these times, making small savings is not enough; if anything, we should be cutting back on the unnecessary to invest more in the important things…
Motivated and engaged teams will be the key to success
Motivated employees will make the difference between winners and losers. We should make employees and customers our priority, and get them focussed on achieving our business objectives; stay close to our teams, communicate, reward and recognise them. This will help to retain the best and elevate others.
We must also ensure the maximum return on our reward and recognition investment if it is to be worthwhile. The delivery of the reward becomes more important than ever; a good reward isn’t any good if it isn’t delivered appropriately.
Author:
Vincent Hillenmeyer, President, Sodexo Pass USA;
Kevin Harrington, Research & Development Director, Sodexo Pass UK