Friday, April 10, 2009

Layoffs May Be More Costly Than The Alternative

There is an interesting article called Layoffs not an option for some businesses. You might think that all a company has to do is layoff workers when the recessions hits. There may be good reasons to limit layoffs:

-when the economy picks up again, your company will be ready to ramp up production

-you can freeze hiring or cut seasonal workers

-you can cut or freeze salaries

-cut pension payments

-cut back on hours

-you have to train new workers you hire later on

-you avoid severance cots

-layoffs can hurt morale

-workers you hire later on may cost more

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