How are companies motivating employees, in the midst of the recession?

During an economic downturn, employees want job security and companies want to stay afloat. Companies are faced with absenteeism, de-motivated workforce, and increased low-level corporate crimes due to severe cost-cutting measures adopted by them like unpaid overtime, shrinking perks, and frozen pay besides others. Worse, some employees are leaving or considering looking for new jobs although the job market is not showing signs of a takeoff. The solution: A win-win situation for both employees and companies, as they combat the economic crisis. In this article, one can notice motivational methods of Herzberg in action. Motivational methods such as job empowerment, payment by results, flexible working hours, giving more controls to employees, and consulting workers are a few that have been implemented currently by some companies to stay afloat during the economic crisis. Read the article here......