Recession Management
Managing your business and managing your employees is increasingly difficult during an economic downturn or recession. Workforce planning becomes critical since employees are usually your biggest cost. There are plans you can make and steps you can take for effective recession management. Find out more about recession management.
Employee Furlough
An employee furlough is mandatory time off work with no pay. Used as an alternative to a layoff, an employee furlough can occur in both public and private sector organizations when revenue or projected revenue fails to match expenses. Revenue is generated through product sales, grants, and governmental support and subsidies.
An employee furlough is mandatory time off work with no pay. Used as an alternative to a layoff, an employee furlough can occur in both public and private sector organizations when revenue or projected revenue fails to match expenses. Revenue is generated through product sales, grants, and governmental support and subsidies.
Best Practices in Layoffs
Best practices in layoffs matter for the employees you lay off and the employees who survive the layoffs. Employee layoffs allow you to cut costs while preserving your relationship with your most critical employees. These are best practices of employers toward the employees they must lay off. Find out how to help the employees who survive the layoffs maintain positive morale and motivation.
Best practices in layoffs matter for the employees you lay off and the employees who survive the layoffs. Employee layoffs allow you to cut costs while preserving your relationship with your most critical employees. These are best practices of employers toward the employees they must lay off. Find out how to help the employees who survive the layoffs maintain positive morale and motivation.
Ten Tips to Recession-proof Your Job and Career
Don’t bury your head in the sand and hope all of the potential threats to your job and career disappear. They won’t. Keep your ears tuned into your work grapevine; watch sales; observe your industry; keep a close eye on Washington; listen skeptically to your employer when you see problems not articulated. Now is the time to take steps to recession-proof your job and your career. You can recession-proof your job and career, but start soon, not later, to recession-proof your job and career.
Don’t bury your head in the sand and hope all of the potential threats to your job and career disappear. They won’t. Keep your ears tuned into your work grapevine; watch sales; observe your industry; keep a close eye on Washington; listen skeptically to your employer when you see problems not articulated. Now is the time to take steps to recession-proof your job and your career. You can recession-proof your job and career, but start soon, not later, to recession-proof your job and career.
Recession Planning for Employees
Given the downward spiral of CEOs' confidence and with the talk about a potential recession, what have you done to plan for the possibility that the downturn becomes severe and impacts employees? These are some of the actions to take in recession planning for employees, for your HR department and other departments within your business, perhaps for your whole company, if recession looms.
Given the downward spiral of CEOs' confidence and with the talk about a potential recession, what have you done to plan for the possibility that the downturn becomes severe and impacts employees? These are some of the actions to take in recession planning for employees, for your HR department and other departments within your business, perhaps for your whole company, if recession looms.