Employees are like napkins . . .

CFO Magazine recently interviewed three business leaders about headcount reductions. There are some valuable nuggets in this article:



  1. Cut outputs – not inputs.
  2. The cost of hiring and training often outweighs the savings from force reductions.
  3. Don’t overlook employee recognition.
  4. Have a short-term cash flow projection – no matter what.
  5. Talk to your bankers – don’t hide from them.
  6. Consider increasing unpaid vacations – some people might consider it a perk!

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