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alternatives to layoffs

RECESSION   |  Comment

Dow 10,000 and 10% Unemployment: A Dangerous Reciprocity That Signals Need for Change

Recently, both the Dow and the unemployment rate almost simultaneously broke historical milestones, one good (Dow 10,000) and one bad (unemployment 10%). The lock step ascent of these two metrics has continued since the beginning of ...READ»

As Recovery Simmers, Limit Lagging Layoffs with Flexible Downsizing (Not Just Furloughs)

Great news... 90% of economists in a recent survey by the National Association of Business Economics predicted the recession will over by the end of 2009!  But hold the champagne.  These same economists saw unemployment rising as ...READ»

Jobless Claims Rise to Record Levels, 20 Reasons to Promote Flexible Alternatives to Layoffs

Today, the Department of Labor reported that first time jobless claims not only rose faster than expected but they were 72% higher than this time last year and reached levels not seen since October, 1982.  With this news as a ...READ»

“Fairness” of Flexible Alternatives to Layoffs

Professor Tom Davenport of Babson College recently wrote an interesting post on blogs.harvardbusiness.org entitled, “Is Forced Time Off Fair?”  He challenges the “fairness” of flexible labor cost savings strategies such as ...READ»

Health Benefit Costs—Fly in the Ointment of Flexible Alternatives to Layoffs

Since February, 2008 when I first encouraged companies to consider using flexibility—reduced schedules, furloughs, sabbaticals, additional unpaid vacation days, job sharing and contract-based work—as an alternative to layoffs, ...READ»

FURLOUGHS   |  Comment

Yes, Layoffs Cost More than Regular Turnover and Save Less than the Flexible Alternatives

Monday, during an interview on Public Radio International's The Takeaway, I discussed flexible alternatives to minimize layoffs because, the research shows, managers may think that firing someone who makes $50,000 a year ...READ»

Managers Uphold Fiduciary Responsibility with Alternatives to Layoffs--Expanding the Cost/Benefit Analysis

(Tune in to Public Radio's The Takeaway on Monday morning 3/9 between 6:00-6:30 am in NYC, I will be talking about presenting a flex plan to your employer if you think layoffs are coming.)   Is a manager who pursues flexible ...READ»

“Downsizing Flexibility Champions”—Alternatives to Layoffs Honor Roll (Updated 5/29/09)

On the “Using Workplace Flexibility as Part of a Downsizing Strategy” Flex Options teleconference for the U.S. Department of Labor Women’s Bureau (transcript now available here), I announced that I was going to start a list ...READ»

Join Me! 2/12 2-3 pm ET for FREE U.S. Dept. of Labor, Women's Bureau "Flexible Downsizing" Teleconference

Using Workplace Flexibility as Part of a Downsizing Strategy …What are companies doing? What's working? What are the challenges to this approach? February 12, 2009 2:00 p.m. to 3:00 p.m. EST Free Flex-Options ...READ»

I Repeat...Flexibility is More Than an Isolated Alternative to Layoffs, It's a Broad Business Growth and Cost-Cutting Strategy

With a front page article in this week's New York Times, the use of work+life flexibility as an alternative to layoffs continues to gain momentum.   However, as I noted last week, four-day workweeks, reduced schedules, ...READ»