5 min

Difficult Decisions: Layoffs, Furloughs, and Pay Cuts HR Party of One

    • Entrepreneurship

In this episode host Ryan McCostlin addresses companies facing cash flow problems that are finding it difficult to pay employees. He goes over the three options of pay cuts vs furloughs vs layoffs and breaks down the steps to implementing a fair pay cut that HR and companies can utilize to make payroll for the foreseeable future.


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)


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)


UPDATED: Coronavirus pandemic: Everything you need to know about COVID-19 (https://blog.bernieportal.com/coronavirus-pandemic-everything-you-need-to-know-about-covid-19)


BernieU: Go deeper with BernieU’s free course on Building a Remote Workforce which will teach you everything you need to know to establish a successful remote team. Enroll today! (https://university.bernieportal.com/offers/FUWW9BX3/checkout)


Follow HR Party of One on Twitter (https://twitter.com/HRPartyofOne)

In this episode host Ryan McCostlin addresses companies facing cash flow problems that are finding it difficult to pay employees. He goes over the three options of pay cuts vs furloughs vs layoffs and breaks down the steps to implementing a fair pay cut that HR and companies can utilize to make payroll for the foreseeable future.


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)


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)


UPDATED: Coronavirus pandemic: Everything you need to know about COVID-19 (https://blog.bernieportal.com/coronavirus-pandemic-everything-you-need-to-know-about-covid-19)


BernieU: Go deeper with BernieU’s free course on Building a Remote Workforce which will teach you everything you need to know to establish a successful remote team. Enroll today! (https://university.bernieportal.com/offers/FUWW9BX3/checkout)


Follow HR Party of One on Twitter (https://twitter.com/HRPartyofOne)

5 min

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