Search Content

WhitePapers


Sales Force Automation Comparison Guide

Businesses of all sizes can benefit by automating all aspects of their sales processes with an SFA (Sales Force Automation) solution. But due to the sheer number of features that most SFA solutions...Read More


How to Buy a Phone System

Considering a new phone system for your business? The Phone System Buyer's Guide from VoIP-News provides you with all of the information you need to make a more informed decision. The Guide helps you...Read More


Which CMS Is Right For Me?

If you're wondering which CMS is the right one for your organization, this comprehensive guide will take you through the various options available, detailing the pros and cons of each. Download...Read More


Oracle Magazine

Oracle Magazine contains technology strategy articles, sample code, tips, Oracle and partner news, how to articles for developers and DBAs, and more. Oracle (NASDAQ: ORCL) is the world's largest...Read More




View All Whitepapers

Small Cuts Help To Stave Off Layoffs

Even as layoffs reach historic levels, some employers in the United States have found an alternative to slashing their work forces. They're nipping and tucking instead.

A growing number of employers, hoping to avoid or limit layoffs, are introducing four-day workweeks, unpaid vacations and voluntary or enforced furloughs, along with wage freezes, pension cuts and flexible work schedules. These employers are still cutting labor costs, but hanging onto the labor.

In some cases, workers are even buying in. Witness the unusual suggestion made in early December by the chairman of the faculty senate at Brandeis University, who proposed that the school's 300 professors and instructors give up 1 percent of their pay.

"What we are doing is a symbolic gesture that has real consequences -- it can save a few jobs," said William Flesch, an English professor.

He said more than 30 percent had volunteered for the pay cut, which could save at least $100,000 and prevent layoffs for several employees. "It's not painless, but it is relatively painless and it could help some people," he said.

Some of these cooperative cost-cutting tactics, though not unique to this downturn, are effectively democratizing the cost-cutting process.

More broadly, the reasons behind the steps -- and the rationale for the sharp growth in their popularity in just the past month -- reflect the peculiarities of this recession, its sudden deepening and the changing dynamics of the global economy.

Companies trimming their work forces say this economy plunged so quickly in October that they do not want to prune too much, lest it should just as suddenly roar back. They also say they have been so careful about hiring and spending in recent years -- particularly in the past 12 months -- that highly productive workers, not slackers, remain on the payroll.

At some companies, employees are supporting the indirect wage...



Related Wealth Management Software Articles

Microsoft SaaS leaves partners feeling deskless


I've made it a point to write a lot about my excitement over the intersection of SaaS and the channel on this blog. At Intacct our channel business is currently growing at around 400% per year, partly because there is a huge amount of demand for...

Read more about Microsoft SaaS leaves partners feeling deskless...

An Interview with author and MX Speaker Scott Ber


I recently had a chance to speak with Scott Berkun — designer, author, contrarian and MX 2009 conference speaker about something that has interested me for a long time, but we don’t generally talk about in the design community: failure. We build...

Read more about An Interview with author and MX Speaker Scott Berkun...