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Resignation, Firing & Termination Questions


Are layoffs the answer to a better financial statement?

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Often, when businesses come into rough financial times, they consider layoffs as an easy way to boost the bottom line. Cut some overhead and reap the rewards, right? Not always. Layoffs often don't pay off. Looking at the implications of layoffs in the long term reveals some hefty costs to the construction employer, especially if the construction employer decides that it needs to rehire employees. The construction employer will pay a premium price for attracting valuable replacements, including the cost of recruiting and screening construction executives. So does it really pay to layoff employees? At first glance layoffs seem to be an easy fix, but they don't appear to be a strategic initiative that pays off in the long run. Added by:- Admin