&“Doing more with less” sounds like a wise, if unwanted, business policy these days—right up until reckless cost-cutting alienates employees and weakens carefully crafted segregation of duties.
In a prolonged recession, companies “want to make more thoughtful and strategic decisions to respond to these ongoing pressures,” Nik Shah, a partner with PricewaterhouseCoopers, said during a recent Webcast exploring the risks of cost-cutting plans. “We believe that doing more with less is the new normal.”
Shah
The core problem is that while many companies are cutting jobs or imposing hiring freezes, they’re not eliminating the work. As a result, Shah said, ...