Superperformance World Movement
Another Way
More Firms Cut Labor Costs Without Layoffs
By MATT RICHTEL
Published: December 22, 2008
To limit layoffs, employers are using four-day workweeks and unpaid vacations, along with wage freezes and flexible work schedules. More . . .
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Comment by Dave Guerra on December 22, 2008 at 4:15am - Brilliant! This way everybody wins. Thanks BJ!
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Comment by BJ Jhaveri, SPHR on December 21, 2008 at 11:03pm - In my opinion: Another way is for a company to re-focus on areas of core-competencies. Non-core areas could be examined to choose divisions/ functional units appropriate to be outsourced. When negotiating the "outsourcing relationship", company could make it mandatory for oursourcing partner to employ company's employees erswhile working in that division/ functional unit. Significant cost savings can be achieved since the outsourcing partner would offer economies of scale. Also the Human Capital and People objective is met since company's employees are now employed by outsourcing partner from day-one viz. without any "bench" or "out-of-pay" time gap.
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