In the information economy it’s what’s in people’s heads that counts. If you lose your best people, it will be almost impossible to survive the crisis of a downturn and the return of profitability.
Creative reduction of compensation costs and alternative work arrangements should be put in place before layoffs to reduce the number of employees that will have to be terminated.
The headcount solution is a seven-step process that will cut costs and also retain the best people to help companies successfully recover from a business crisis.