Reducing costs and maintaining key skills

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Managers have faced the need to contain or reduce costs for many years although the current economic climate has accentuated that for many.  The growing interest in innovative ways to reduce costs will be reviewed in this and subsequent articles over the next few months.  Many articles describe the ‘new’ approaches but omit to explain crucial building blocks for those to be successful. Perhaps the most common approach is to seek a pay freeze or even a pay cut.  That […]