In the media | 2 minute read

Ken Bowles: Balance short-term cost cuts with long-term investments

May 10, 2023

When forecasting a decrease in revenue or an economic downturn, Ken Bowles, CFO at WilsonHCG, suggests balancing short-term cost cuts with long-term investments.

In a conversation with reporters from the Business Journal Leadership Trust, Bowles said: “Business cycles are much shorter than they used to be, so keep that top of mind before making decisions about what costs to cut. Instead, think about how to balance cost-cutting with investment for the long term.”

“It’s better to make temporary pay cuts if you need to survive an income downturn and avoid layoffs; this will ensure your organization is ready when the economy picks up,” he added.

Read the full article here.

Media contact

Kirsty Hewitt | +44 7889901517 | 813-418-4479 | kirsty.hewitt@wilsonhcg.com

About WilsonHCG

WilsonHCG is an award-winning, global leader in total talent solutions. Operating as a strategic partner, it helps some of the world’s most admired brands build comprehensive talent functions. With a global presence spanning more than 65 countries and six continents, WilsonHCG provides a full suite of configurable talent services including recruitment process outsourcing (RPO), executive search, contingent talent solutions and talent consulting. TALENT.™ It’s more than a solution, it’s who we are.