NASE on Micro-Business

Small Firms Say “No” To Layoffs

Posted on: April 10, 2009

According to this article in the Wall Street Journal, while the news seems to be filled with rising unemployment rates and word of huge layoffs by large companies, many small businesses are doing their best to avoid letting employees go – whether out of pride or necessity.

The small businesses profiled have different strategies to keep their employees while still cutting costs – some owners take pay cuts, while others mandate schedule changes, like one day off weekly or biweekly without pay.  Other firms encourage employees to spend time that has been freed up by fewer clients volunteering, and pay employees for that time.

What do you think of these ideas? Have you taken any steps to avoid laying off employees?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Connect with NASE

NASEtweets on Twitter    NASE Facebook Group      NASE LinkedIn Group      NASEview YouTube Channel

     

http://www.nase.org/

Daily Reads

RSS NASE tweets!

  • An error has occurred; the feed is probably down. Try again later.
Featured in Alltop
April 2009
M T W T F S S
« Mar   May »
 12345
6789101112
13141516171819
20212223242526
27282930  
%d bloggers like this: