Management of Employment Costs

• Reduce my agency or temporary workforce?
• Delay increases or freeze salaries?
• Refuse to pay a bonus?
• Freeze or cease paid overtime or stop paying overtime rates to employees?
• Reduce non cash benefits?
• Change my expense reimbursement policies?
• Withdraw offers of employment already made?
• Cut wages or salaries?
• Retrain or redeploy staff to other areas of the business?
• Put employees on sabbatical/secondments?
• Change my pension arrangements?
• Offers to employees to resign?
• Watch out! There are risks with each one.......
• Managing Employment costs in a downturn!