George Colony, CEO of Forrester Research (who, by the way, writes a blog and can be seen regularly on Twitter) recaps his dinner with CIOs last week. Although the discussion focused on politics and the recession, most of his observations were focused around people and talent.
According to George…
1) Outsourcing is not a silver bullet. Use the recession to build internal skills.
2) Use a slowdown to improve the team — look to bring in great people who have been laid off elsewhere.
3) Avoid the “Dead Sea Syndrome.” The Dead Sea has an inlet, but no outlet, so most of the pure water evaporates, leaving brine. Don’t let your best people evaporate in a recession.
4) Cut training and development last. That resource is critical to success in the post-recession period.
5) Use a recession to make tough decisions — to get rid of redundant and non-performing vendors, and to cut low-performing employees.
What are you doing to take advantage of the recession?