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.
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