Four Impactful Ways to Recession-Proof Your Company

October 24, 2022

As more and more signs point to the fact that the United States is either already in the initial stages or headed for a recession, everyone from small business owners to CEOs at Fortune 100 companies is scrambling to prepare their company and team members for potential impacts. To make matters worse, CNN Business reports that research firm Ned Davis claims a sobering 98% chance that we’re headed for a GLOBAL recession. That same firm issued a similar warning in 2008… and we all remember how that year panned out, particularly for the construction and real estate industries. While virtually no company is 100% recession-proof, there are highly effective steps you can take to move the needle in that direction. The Thought Leaders at The Best Workplace weigh in on four impactful measures you can take now to ensure your company is functioning at optimal levels to better weather a potential economic storm in the not so-distant future.

  1. Pursue Efficiency

    Efficient Teams Lead to Profitability and Growth

    When everyone else is tightening their belts and shifting their cultures to one of fear, YOU could be focusing on the pursuit of Organizational Efficiency. Unfortunately, whether you’re busy looking at the big picture or you’ve got your nose too close to the grindstone, it can be difficult to identify those communication breakdowns, workflow issues and talent management processes that serve as a roadblock to optimal efficiency. Bringing in a neutral third party – like The Best Workplace –can lend a fresh perspective to all the things your company is doing right, as well as those areas for improvement. Our team is committed to gaining a genuinely understanding of your needs and wants, strategic goals, operational challenges, industry and culture. By doing so, we can aid your team in workforce development, operational optimization, continuous improvement programs, team development, strategic planning, project management, change management, standard operating procedures (SOP), focus group facilitation and employee engagement/opinion surveys. We take pride in creating custom-made programs to fit your company’s needs.

  2. Invest in Your Talent

    Your People are the Key to Unlocking the Door to The Best Workplace

    And we should know! The Talent Management team at The Best Workplace boasts decades of experience in HR, talent development and talent retention. Tap into that experience to not only enhance your team members’ skills, but to create loyalty for your company. Research shows that people who feel appreciated and invested in are more productive and happier at work. Our broad portfolio of talent management strategies comprises talent acquisition, a variety of training programs, personality assessments, learning needs analysis, learning management system implementation, custom content creation, blended learning, training logistics planning, career mapping, leadership development, succession planning and more.

  3. Coach Up Your Team

    Create an Atmosphere Where Thought Leadership, Diversity and Collaboration Thrive

    Whereas Talent Management mainly focuses on each individual member of your organization, Coaching can work on multiple levels. If you want a formidable team, you’ve got to have strong leaders. At the same time, you need to focus on bringing a certain sense of cohesiveness to your team for better collaboration. The leadership development consultants at The Best Workplace can work closely with you and your executive team members to heighten your leadership skills and develop a culture of thought leaders. We can also extend those coaching services to a pod within your organization or the entire team across multiple departments. This is another area where we’ll examine your company’s needs to develop a customized suite of executive coaching services to take you and your team to the next level. In addition to executive and team coaching, we offer a talent incubator, mentoring programs and career coaching in the event that you do need to streamline your team at some point.

  4. Take Measure of Your Organization’s Holistic Health

    Employ a Universal Approach to Infuse Your Company with New Energy

    When employees feel under-utilized, unsafe, or unappreciated, it can be next-to-impossible to achieve your business growth goals. The Holistic Organizational Health consultants at The Best Workplace will take a microscope to your company culture to not only elevate your organization’s day-to-day operations, but also foster an atmosphere where your team members feel safe, valued AND valuable. A culture like that must incorporate elements of wellness, diversity, equity and inclusion. Our team can aid your team with a tailor-made program that – depending on your specific needs – may include organizational health and wellness assessments, wellness program design and implementation, DEI training, communication audits, psychological safety evaluations, problem-solving programs and workplace culture development – just to name a few.

An ancient Chinese proverb states, “When the winds of change blow, some people build walls while
others build windmills.” In the event that a recession hits, isn’t it better to function from a place of
strength rather than fear? The Best Workplace welcomes the chance to build some “windmills” with you
and your team ahead of any pending winds of change. We would be happy to meet you, learn all about
your business and talk about the possibilities. To schedule an initial discussion, call us at 678-667-1275
or 678-543-4164, email us at Hello@yuy.bve.mybluehost.me, or fill out our online contact form

Jonathan Burman

Jonathan Burman

Jonathan Burman, Managing Partner – Executive Coaching & Learning Strategy

People say Jonathan is open, focused and fun.

For his entire career Jonathan Burman has been focused on creating purpose, productivity and growth through leadership alignment and accountability. With more than 30 years of experience in Organizational Development, Leadership, Human Resources, and Talent Management, he has worked with such firms as DuPont, Dropbox, Goldman Sacks, Merck Pharmaceuticals, Centers For Disease Control and Prevention (CDC), CIGNA, MASCO Corporation, Johnson & Johnson, and Koch Industries. He is a firm believer that talent development is key to creating efficient and effective businesses.