Reductions in force can be costly, devastating to both the employees affected and to the surviving work force. If there are other options, wise employers explore them.
Work sharing, or short-time compensation, programs have helped thousands of companies avoid layoffs in New York and 16 other states.
Talented, high-performing employees are more apt to stay with employers that consider layoffs only as a last resort.
When possible, it is important to consider all options and evaluate the alternatives to downsizing--and it all begins with communication.
Are you considering pay or salary reductions, as an alternative to pursuing layoffs? If so, you may want to review this checklist.
It's unfortunate that layoffs are the first cost-cutting thought that comes to employer's minds, because there are some alternatives.
Some companies and employees are getting creative and brainstorming about alternatives to downsizing.