Put away the pink slips and rethink

The Harvard Business Review on surviving rough times without firing people:

Estimates by Mercer and others indicate that losses just for the major risks (e.g., employee accidents, office theft, etc.) exceed $85 billion annually; in effect, these dwarf the near $40 billion annually that US companies were hoping to save during the last two years of employee purging. Thus, even a managed reduction of these risks by 50% would have achieved the same cost-saving feat as cutting people without the consequences.

Related posts:

  1. Group Discounts, Small Businesses and Unfortunate Valuation Practices The success of startups like Groupon and LivingSocial, and the courting of the former by Google to the tune of...

04. April 2011 by Chris
Categories: Business | Tags: , , , | Leave a comment

Leave a Reply

Required fields are marked *