Layoff or Time Off

Things to think about when running your business. Given the very hard economic times more companies are looking to lay off employees to reduce their overhead and fixed costs, thus to boost profits.

I would look at an alternative approach that may be the best of both worlds, keeping fixed costs low and retaining the employees you have worked so hard to train and grow with your business, to say nothing about loyalty. Well what is this magic elixir? Have employees take unpaid time off casting it as unpaid vacation or personal time. Look at what Dell has done!! Exactly that and they have a great loyalty base because of it. Well think about it if this works for your business.