Small Firms Say "No" To Layoffs

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Small Firms Say "No" To Layoffs

Apr 10, 2009

Posted by Molly Nelson - According to this article in the Wall Street Journal, while the news seems to be filled with rising unemployment rates and word of huge layoffs by large companies, many small businesses are doing their best to avoid letting employees go - whether out of pride or necessity.

The small businesses profiled have different strategies to keep their employees while still cutting costs - some owners take pay cuts, while others mandate schedule changes, like one day off weekly or biweekly without pay.  Other firms encourage employees to spend time that has been freed up by fewer clients volunteering, and pay employees for that time.

What do you think of these ideas? Have you taken any steps to avoid laying off employees?

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