Print Page   |   Contact Us   |   Report Abuse   |   Sign In   |   Register
Archive - Business Leadership
Share |
Archive - Business Leadership
 
2009
 
 
The decline in tourism and other business activity that we have seen in recent months has been widely reported. Headlines have trumpeted the increases in layoffs and business closures that have followed. The distasteful tasks of planning for those job cuts and then informing people that have been loyal and productive employees that they no longer . . . . .
 
 
 
 
This is Part one of a three-part excerpt series from the latest white paper published by ALTRES. “Staying Ahead of the Downturn: A How-To-Guide for Hawai’i Employers” offers straightforward, cost-effective strategies to help local businesses remain effective and strong during these challenging economic times. “We wanted to find a way to help local companies create prosperity from within,” said ALTRES President and . . . . .
 
 
 
 
This is part two of a three-part series from the latest white paper published by ALTRES. “Staying Ahead of the Downturn: A How-To Guide for Hawai‘i Employers” is designed to help businesses think differently about the human capital that drives their organizations. During a challenging economy, it’s important to devote more attention to your people assets. Focusing on employees can play a positive role in achieving . . . . .
 
 
 
This is the final installment of a three-part series from the latest white paper published by ALTRES. “Staying Ahead of the Downturn: A How-To-Guide for Hawai`i Employers” is designed to help businesses think differently about the human capital that drives their organizations. Remember: great companies are built over decades, and recessions come and go. If you act as if you’re in it for the long haul—in your thinking and in your . . . . .
 
 
 
In the current economy, enterprising employers have sought out creative alternatives to the standard layoff regime of cost-cutting but there are precautions you should take before exploring such alternatives.
 
 
 
Pick up any newspaper or news magazine or check out your favorite Internet news page and you’ll see story after story of companies facing the challenges of our economic times. As business owners, leaders and managers of non-profit and commercial organizations, are you spending sleepless nights worrying about short- and long-term organizational sustainability?
 
 
 
 
For most of us in the workplace, these economic times are worse than anything we've ever seen in our work lives. Unemployment is rising daily. Businesses and financial institutions, once known for their resilience and economic stability, are reporting record losses, shedding jobs daily and, in several cases, crumbling under the weight of a global economic meltdown.
 
 
 
 
In tough economic times, it’s hard to argue against cutting costs, but it’s important to truly understand the cost of laying off workers. Along with planning, legal fees, severance pay, outplacement services, and redistributing work among remaining employees, there’s often lower productivity among layoff survivors. There also are costs from losing laid-off employees’ years of experience and contacts and future costs of new hires and training.
 
 
 
2008
 
 
Although cutting costs are at the forefront of everyone's minds, it is important to consider the impact of your cost cut- ting and the true costs of your decisions. If you decide to cut jobs and end up being sued because you didn’t do it correctly, it will cost you more in the long run.
 
 
 
Talk of political agendas, coalitions, who backed who, and which group won is now being sorted out in analyzing this year’s elections. These issues are also applicable in referring to how decisions are made by successful managers in today’s workforce.
 
Community Search
Sign In


Calendar