Downsizing Ideas for our Economy

Well, we are officially in a recession. We have spent a tremendous amount of time over the past two months working with businesses to come up with creative ways to reduce costs.

“Costs have feet”. How many times have you heard that? Often times employers forget that there are alternatives to cutting a head or two. Some things that you should make sure you look at as other alternatives are:

• Taking a day each week without pay
• Asking your employees to take a week off without pay
• Taking a reduction in salary for a set period of time
• Spreading a salary reduction over several pay periods so it does not impact the employees personal budget.
• Asking the employees if there are any that would like to volunteer for temporary part time hours.

Call us today to learn more about creative ways to lower your costs during this economy. We would love to brainstorm solutions on your business!