Managing Business--and People--in the Post-September 11 Era
This article offers a guide to readers to help them manage their labor force in today's troubling economy. Even before September 11, the U.S. economy had been slowing, leading some companies to adjust their budgets and trim costs.
An obvious result of the September 11 terrorist attacks that devastated our nation is that the hospitality industry is struggling to stay afloat. Hotel occupancies have tumbled faster and deeper then ever before. Both hotel and restaurant revenues are off by 30 to 50 percent in some markets. Even mergers have been terminated due to the current negative business climate and its adverse impact on our financial markets.
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