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How to Maintain a Strong Corporate Culture During a Downturn

July 24, 2020

Via: CMSWire

The pandemic has caused the most significant economic downturn since the Great Depression. According to the International Monetary Fund, the lost economic output from COVID-19 could reach $9 trillion through 2021. This grim outlook will clearly effect the worldwide business community. A focus on company culture can help businesses weather this devastating storm.

Why focus on company culture?

A healthy company culture isn’t a mere nicety. Your culture has a major impact on the bottom line. In fact, SHRM estimates organizations lose $45 billion per year due to employee turnover caused by poor company culture.

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