Difficult Decisions: Layoffs, Furloughs, and Pay Cuts HR Party of One
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- Entrepreneurship
In this episode, we address companies facing cash flow problems and are finding it difficult to pay employees. We go over the three options of pay cuts vs. furloughs vs. layoffs and break down the steps to implementing a fair pay cut that HR and companies can utilize to make payroll for the foreseeable future.
Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today!
https://offer.bernieportal.com/bernieportal-employer-demo-hrpo1/
Find us at https://www.bernieportal.com/hr-party-of-one/
BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy.
http://bit.ly/2NEQ5Qb
What is an HRIS?
https://bit.ly/what-is-an-hris
BernieU: Your free one-stop shop for compelling, convenient, and comprehensive HR training and courses that will keep you up-to-date on all things human resources. Approved for SHRM & HRCI recertification credit hours. Enroll today!
https://bernieu.bernieportal.com/
Join the HR Party of One LinkedIn Group!
https://www.bernieportal.com/community/
▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬
Blog Post: COVID-19 Furlough vs Layoff
https://blog.bernieportal.com/covid-19-furlough-vs-layoff
Related Episode: How to Apply for the Paycheck Protection Program
https://youtu.be/tg4Rd5vRiGc
Related Episode: CARES Act Summary: How to Prepare for the Coronavirus Stimulus Package
https://youtu.be/y1GH3bZMgkM
▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬
► LinkedIn: https://www.linkedin.com/company/bernieportal
In this episode, we address companies facing cash flow problems and are finding it difficult to pay employees. We go over the three options of pay cuts vs. furloughs vs. layoffs and break down the steps to implementing a fair pay cut that HR and companies can utilize to make payroll for the foreseeable future.
Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today!
https://offer.bernieportal.com/bernieportal-employer-demo-hrpo1/
Find us at https://www.bernieportal.com/hr-party-of-one/
BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy.
http://bit.ly/2NEQ5Qb
What is an HRIS?
https://bit.ly/what-is-an-hris
BernieU: Your free one-stop shop for compelling, convenient, and comprehensive HR training and courses that will keep you up-to-date on all things human resources. Approved for SHRM & HRCI recertification credit hours. Enroll today!
https://bernieu.bernieportal.com/
Join the HR Party of One LinkedIn Group!
https://www.bernieportal.com/community/
▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬
Blog Post: COVID-19 Furlough vs Layoff
https://blog.bernieportal.com/covid-19-furlough-vs-layoff
Related Episode: How to Apply for the Paycheck Protection Program
https://youtu.be/tg4Rd5vRiGc
Related Episode: CARES Act Summary: How to Prepare for the Coronavirus Stimulus Package
https://youtu.be/y1GH3bZMgkM
▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬
► LinkedIn: https://www.linkedin.com/company/bernieportal
5 min