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Alternatives to redundancies have benefits
The overall cost with redundancies is far more than just the initial redundancy pay an employee receives. You will need to add costs for the recruitment when you require staff again and the cost of training new recruits to have them reach the development stage your redundant staff were at prior to being made redundant. How do you place a cost on this? Then there are the negatives that come from any business making redundancies which includes low morale within the workforce which inevitably reduces production, performance and service. Good quality staff can leave for alternative employment due to the uncertainty which may happen after you have reduced to the number of staff you felt appropriate as they have been offered employment from interviews taken during the redundancy process. What is the cost of this?

Other salary reductions Related Articles

The Perfect Fit
Have you looked at your selection processes recently? What is your staff turnover like? “Let's assume the average salary of employees in a given company is $50,000 per year. Taking the cost of turnover at 150% of salary, the cost of turnover is then $75,000 per employee who leaves the company. For the mid-sized company of 1,000 employees who has a 10% annual rate of turnover, the annual cost of turnover is $7.5 million!” * So how do you go about ensuring you select the right staff, who will fit well with your organisation, and who will stay with you?

Do You Deserve a Salary Increase?
Because of the recession that began in 2001, many employees have sat idle in their jobs with no salary increase or even a salary reduction for a number of years. However, within the last year or so, things have been changing and employees have been getting salary increases again. If you aren't, why not?

Importance of Salary Survey for the Employee and Employer
Salary information is one of the deepest secrets of the labor market. However, today many large organizations, management consultancies and websites are conducting salary surveys and coming out with reports on compensation and benefits that helps both employers and employees take a right decision. Such surveys can be online as well as offline (paper pencil ones) and are generally done for the purpose of comparability.
Reducing Cultural Bullying in Schools
Many school districts can use this leadership technique to ensure reductions in cultural bullying which will ensure that they reduce opportunities for law suits.

Getting a Job in Japan Japanese Speaking Ability...While Not a Requirement, Has Its Advantages
Okay, well a common question I get when I meet people currently living in Japan as well as traveling through Japan is "do I need to speak Japanese to get a job in Japan?" To answer this question, it really depends on what exactly you mean by a job. Are you looking for something fun that will provide you with a salary and some freedom, or are you looking for something more, such as a career, something that will provide you with a nice salary and potential growth and career advancement?
6 Tips for Determining a Fair Hiring Salary: How Much Do They Get Paid?
Determining an employee’s salary is vital to a company. But in doing so, managers should also think of the welfare of the employees as well. Here are some tips for managers in determining salary.

Employee Development...It's Back on the Radar
Robin Throckmorton, MA, SPHR and Cathleen Snyder, PHR discuss how companies have stopped providing employee development. Companies that survive tough times, often faced staff reductions - whether through reductions in force or attrition, budget cuts, restructuring and any number of measures to ensure the company lived to tell about the "Great Recession". You'll notice that nowhere in that statement was there mention of training, employee development, or rewards and recognition. For many companies, these areas have simply been off the radar. It's time to change this...
Financial Mastery for the Career Teacher
The role of the career teacher is one of the most valuable in our society. We value our teachers so much that teaching consistently ranks in the top 10 most respected professions. Yet the average salary of a career teacher is 17 times less than the average salary of a professional football player. Therefore, it’s critical that teachers create a family financial plan and make it work with what they have and what they’re earning today.
The Salary Negotiation Dance During a Job Interview
To perform the job interview salary negotiation dance steps, you must have a good sense of balance. Knowing your value and your worth will help you feel more confident about staying in step during the salary negotiation process. The employer takes the lead and you follow, staying with the rhythm.
Tax Reductions and the IRS Position on Cost Segregation
Tax reductions and tax deductions are a common benefit of cost segregation. When real estate investors and tax practitioners learn about the income tax deductions and tax reductions resulting from cost segregation they are sometimes skeptical; they are concerned it is a tax shelter or tax scheme. This simply is not true. Cost Segregation provides a legitimate tax reduction.

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