When a company goes through temporary financial difficulties and does not have enough work to keep its employees busy, it faces a difficult choice. Does it cut the wages of  all workers or lay off some of  its workers? Both of these options are hard on the company and the employees because they either reduce moral, which increases the chances of losing its best workers, or causes the company to lose one of its most valuable resources, its staff, an asset it might need soon if the company’s business situation improves.

Newer Posts »