- Put Promotions and Raises on Hold.
- Consider Executive Compensation Adjustments.
- Reduce Employee Hours.
- If Necessary, Furlough Employees.
- Evaluate Your Company’s Top Performers.
- If Possible, Pay People Now.
Recent News and Discussions About Preventing Layoffs
Look at Alternatives to Layoffs – SHRM
https://www.shrm.org/resourcesandtools/hr-topics/behavioral-competencies/leadership-and-navigation/pages/alternativestolayoffs.aspx
Look at Alternatives to Layoffs · Reduce your workweek. Going from a five-day workweek to a four-day workweek reduces payroll by 20 percent, Zickerman noted.
Avoiding Layoffs: 7 Alternative Cost-Cutting Strategies
https://www.thebalancecareers.com/before-you-do-a-workforce-reduction-1918589
Jan 8, 2021 — Another strategy for avoiding employee layoffs is to freeze salary and benefit increases. Workers won’t be thrilled, but this will be viewed …
How To Avoid Layoffs: Cost-Cutting Strategies For Small …
https://www.sbdc.uh.edu/sbdc/How-To-Avoid-Layoffs.asp
How to Avoid Layoffs : Cost-Cutting Strategies for Small Businesses · Reduce work hours · Expand streams of revenue · Extend employee roles · Brainstorm new ideas
10 Ways to Prevent Layoffs – Sozo Firm Efficiency Consulting
Jun 22, 2022 — 10 Ways to Prevent Layoffs · 1. Hire Properly. While it may be difficult to find good workers, they are out there. · 2. Create a contingency plan.
10 Ways To Avoid Layoffs And Retain Talent – Forbes
https://www.forbes.com/sites/forbeshumanresourcescouncil/2020/05/27/10-ways-to-avoid-layoffs-and-retain-talent/
May 27, 2020 — 10 Ways To Avoid Layoffs And Retain Talent · 1. Discretionary Spend · 2. Alternatives With Larger Impact · 3. Government Assistance Programs · 4.
Here’s How To Avoid Getting Laid Off – Forbes
https://www.forbes.com/sites/jackkelly/2022/06/16/heres-how-to-avoid-getting-laid-off/
Jun 16, 2022 — Make yourself known to all of the key players within the organization. Volunteer for assignments and tasks no one else wants. Ask your boss what …
A Better, Fairer Approach to Layoffs – Harvard Business Review
https://hbr.org/2018/05/layoffs-that-dont-break-your-company
Today layoffs have become companies’ default response to the challenges created by … Lincoln can avoid layoffs because it requires employees to accept …
5 Ways to Avoid the Layoff List – Blog
https://blog.careerminds.com/blog/5-ways-avoid-layoff-list
5 Ways to Avoid the Layoff List · Don’t become complacent- So often, employees get too comfortable in their jobs and stop looking for ways to grow, develop, and …
Avoiding Discrimination in Layoffs or Reductions in Force (RIF)
https://www.eeoc.gov/employers/small-business/avoiding-discrimination-layoffs-or-reductions-force-rif
Avoiding Discrimination in Layoffs or Reductions in Force (RIF) · List the employees who would be laid off or terminated based on your layoff /RIF criteria.
6. I need to lay off employees.
https://www.eeoc.gov/employers/small-business/6-i-need-lay-employees
Ensuring that managers involved in layoff decisions understand their responsibilities may help prevent discrimination. Ensure that layoffs or reductions in …
Frequently Asked Questions
How do I stop massive layoffs?
- Hire Properly. While it may be difficult to find good workers, they are out there. …
- Create a contingency plan. …
- Negotiate pay. …
- Lower benefits. …
- Offer unpaid vacation time. …
- Offer early retirement. …
- Layoff alternatives. …
- Hiring freeze.
How can we avoid discrimination in layoffs?
…
Avoiding Discrimination in Layoffs or Reductions in Force (RIF)
- List the employees who would be laid off or terminated based on your layoff/RIF criteria.
- Determine whether certain groups of employees are affected more than other groups.
How does a company decide who to layoff?
One of the biggest is your term of employment. Many organizations will first lay off employees who have been with the company for the shortest amount of time. If this is you, there isn’t much you can do to help your situation. Another major factor is job function.