The Best Companies To Work For In A Recession

a recession than their peers. Here are 5 characteristics that family-owned businesses rely on to secure their longevity.1. A History of Higher Employee Retention, family businesses retain talent better than their non-family peers. Why? Because these companies “focus on creating a culture of commitment and purpose, avoiding layoffs during downturns, promoting from within, and investing in people.”

The value that family-owned businesses place on their employees leaves them far more prone to go to extraordinary lengths to retain individuals—even amid a recession. Without the encumbrances of a complicated corporate structure, this may involve coming up with unorthodox solutions that ensure employees are taken care of.

With their name on the building and/or product, family business leaders are far less likely to take the kinds of risks that leave companies vulnerable to sudden economic downswings. In many cases, most of the family’s wealth tends to be tied up in the business. Family business leaders act as custodians of that wealth for their generation.

The real danger of a recession:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

15 top companies that let you have a life outside of workAn employee at In-N-Out Burger has flexible hours and room for career advancement — and can go on to earn $160,000 without a college degree Bets food in America, best company in America, and best fries (yeah, I said it) in America. Dude, you can't make a proper living by cutting hair or flipping burgers. You are providing a service for some other dude who has to make a lot more money than you to keep you employed & could have made a less fattening sandwich by himself at home & brought a lunchbox to work. you could do that and more at home with roblox
Source: BusinessInsider - 🏆 729. / 51 Read more »