In today's economy, smaller work forces are the reality, though reducing staff is typically the last resort, says Sheryl Kovach, president and CEO of Kandor Group, a human resources consulting firm in Houston. Cutting costs in other areas, such as overtime pay, salary, benefits plans, and other types of capital or equipment expenses, is usually the first course of action.

But sometimes a reduced work force can't be avoided, especially in a poor economy.

Preparing for a work force reduction

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.