Options Outside of Termination

Tri-Cities Convention Center
photo credit: Matt McGee

Everywhere we look we see how the unemployment stat is going up everyday. Granted, sometimes it is necessary to let people go, but what if you have all great employees with great production under their belts, but the economy just keeps working against you? Below are a few options for you other then termination.

Call a meeting with all of your staff, this can be either a large all in one group or by departments if you choose. Lay out all of the financial matters on the table for everyone loud and clear, let them know there are some difficult changes that are to occur if the company is going to survive.

Include the employees on the different options that you have come up with in order to continue the company. They are more opt to be calm and helpful if you make them a part of it. Discuss pay decreases, decreases in health benefits or paid sick and vacation times. Mention the possibility of decreasing hour’s or employees being moved to part-time status.

Layoffs and terminations can have a devastating impact on a company, with repercussions lasting a long time. A cohesive organization that’s concerned for the well-being of others is often willing to sacrifice something of its own to help ensure the viability of the company.

Do you have suggestions on actions other then termination that a company can take?

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