HR Strategy: 6 Alternatives to Layoffs
November 7th, 2022
Many employers are wondering if they need to consider a reduction in force in 2023—or sooner. Laying off employees isn’t always necessary to cut costs, though. MP’s HR experts developed a brief with six alternatives to layoffs. These options will save money for employers and minimize damage to employee morale.
Download the Brief to:
- Learn how to significantly reduce costs over a short period of time
- Understand compliance concerns related to reducing employee work hours
- Outline how to implement job sharing, sabbaticals, and other tactics to reduce hours and institute pay cuts
- Find out best practices for implementing furloughs
