Perspective
Apr. 10, 2009
Alternate Routes
While payroll reductions have obvious attractions, they can be fraught with potential long-term pitfalls, advise Lonny M. Zilberman and Lisa A. Hill.
By Lonny M. Zilberman and Lisa A. Hill
Not a day goes by without news of more corporate layoffs. The Bureau of Labor Statistics reported that over 660,000 jobs were lost in March alone. So, as employers attempt to ride out the economic downturn and have already made steep cuts in their workforce, many have begun exploring alternatives to layoffs that would allow them to reduce costs, maintain capacity and preserve the jobs their employees need.
As demand slacken...
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