Remove Bonuses and Incentives Remove Outplacement Remove Recruiting metrics
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Top 3 Strategic Alternatives to Layoffs

Careerminds

When considering cost-saving measures or optimizing staffing, the default solution for many is to consider reducing the workforce through layoffs or other forms of downsizing. This is why, if a layoff event must happen, we strongly suggest HR leaders provide outplacement services for their staff members to ease these tensions.

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Layoff Survival Checklist: How to Retain Talent & Manage Reputation Post-Layoff

Intoo USA

Reductions-in-force can also pose risk to your reputation and cost you a chance at acquiring quality job candidates and loyal customers. Talent poaching refers to hiring current or former employees from a competitor or similar organization. Consider incentives. Administer performance-based incentives. Not make promises.

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How is Severance Pay Determined? How to Calculate Severance

Intoo USA

If a company does not provide severance pay, other costs often go up due to a higher cost-per-hire, an increased number of wrongful termination claims, and a shrinking customer base. Harvard Business Review found that a bad reputation costs companies about $4,723 more per hire.

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Part-Time vs. Full-Time Jobs — Pros, Cons & Full Explanation

Intoo USA

Full-time staff often relish performance-based bonuses and annual appraisals, while part-time employees highly value flexible scheduling and additional incentives. This fosters a skilled and capable workforce, promoting internal promotions and reducing the need for external hiring.

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How to Calculate Severance Pay for Commission-Based Workers

Careerminds

This, in turn, can make the company more attractive to future hires, who may view it as a stable and supportive employer. We strongly recommend pairing severance payments with outplacement services. While this approach offers simplicity, it may not always be the most precise or cost-effective solution. Are bonuses included?

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How is Severance Pay Determined? How to Calculate Severance

Intoo USA

If a company does not provide severance pay, other costs often go up due to a higher cost-per-hire, an increased number of wrongful termination claims, and a shrinking customer base. Harvard Business Review found that a bad reputation costs companies about $4,723 more per hire.

article thumbnail

Layoff Survival Checklist: How to Retain Talent & Manage Reputation Post-Layoff

Intoo USA

Reductions-in-force can also pose risk to your reputation and cost you a chance at acquiring quality job candidates and loyal customers. Talent poaching refers to hiring current or former employees from a competitor or similar organization. Consider incentives. Administer performance-based incentives. Not make promises.