You just became a manager, and now you have to lead your team through an economic downturn. Here's how to best serve your employees and yourself.

Laura Sue D'Annunzio, the chief people officer of NewRocket, an IT-services and consultancy company, said that even at a recession-resistant company, such as hers, employees were emotionally on edge from reading the news and worrying about family members. "My team does a monthly all hands," D'Annunzio said. "There is always a business update, a sales update, a financial update, and a people update. I think that predictability is super important."