For most restaurant owners, it’s difficult to layoff employees in the name of saving money. Many owners do everything they can to try and fix the situation on their own—take a pay cut, work extra hours and hire less, take out loans to help pay the company bills—but sometimes there is nothing a boss can do to help keep things the way they once were. Money is tight, and layoffs are on the brain.
Although you will likely have to enlist the help of your employees, there are fortunately ways to help avoid layoffs during these tough economic times. Things will change around your office, but employees should appreciate anything that lets them keep their jobs. Below are a few things you can consider before handing out the pink slips:
Alternatives to Laying Off Employees When Money is Tight
While some of your employees will look elsewhere for work, many will stick around until things get better. If your employees really believe in your company and believe in the management, you would be surprised how much they would deal with to stay involved. If you put it simply, the choice seems obvious: Do you want to save the job of a mother who has three children at home? Or do you really want that cup of coffee in the morning and your usual afternoon foosball game?
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Amanda DiSilvestro is a professional blogger that writes on a variety of topics including restaurants in NYC. She writes for Restaurants.com, a leading restaurant guide directory of top dining locations.