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The Sound of Ideas

Alternatives to Layoffs

Posted Wednesday, March 11, 2009

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Alternatives to Layoffs Seems every time you open the paper, turn on the news, or even talk to a friend - someone has been laid off from work. Ohio’s unemployment figures rose to 8.8 percent in January. But many employers are looking to alternatives to layoffs in order to keep valuable employees by paying them less. Furloughs, or unpaid time off and salary reductions are increasingly common methods for businesses to cut costs. Other options to layoffs include cutting employee health care coverage, reductions in travel expenses and canceling the 401K match. Human Resource and workforce industry experts join us to share how businesses decide what’s best for them when expenses have to be cut. Tough measures in tough times, Wednesday morning at 9 on 90.3.

Tags

Economy, Regional Economy/Business - Analysis and Trends, Health

Guests

John Challenger, CEO, Challenger, Gray & Christmas, Inc.
Paul Gerhart, Professor of Labor & Human Resources, The Weatherhead School of Management, Case Western Reserve University
Cheryl Farver, Human Resources Director, City of North Olmsted Dr. John Sullivan, Professor of Management, San Francisco State University

Additional Information

More employers choose to force workers to take temporary, unpaid time off as a way to reduce costs, by Frank Bentayou, The Plain Dealer
You're Probably Doing Your Layoffs All Wrong, by Klaus Kneale, Forbes.com

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Every weekday at 9:00 AM (EST), The Sound of Ideas reports the news, explains the news, and sometimes makes news. The Cleveland Press Club awarded it “Best Radio Show” in Ohio and thousands daily find it to be an indispensable source of information about what’s most important to Northeast Ohioans.

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