Massive Layoffs in Small Businesses

INTRODUCTION Based on the term, the main issue being discussed is some small ph unrivalled linees that atomic number 18 experiencing reduction of sales or augment in the cost of production due to the economic downturn or recession. This recession is testing the no layoff policy instilled by many another(prenominal) companies. Employees are a very important addition in most of the small businesses and if most of their contracts are terminated, these businesses give have to suffer the consequences if they do not manage the lieu effectively and efficiently. From how it is going, the small businesses who occur to apply the best decisions and alternatives are the ones that can keep their business rising and at the analogous time maintaining their reputation. This article generally talks about the slipway or solutions small businesses come up with to prevent or debase layoff which is the temporary suspension or permanent resultant of employment of an employee or a group of employees for business reasons. there are many company owners who regard their employees as their superlative degree priority because when the recession is over and it is time for economic growth, the employees count essential roles in maintaining or improving the companys performance.

The author of this article, Raymund Flandez, used to be a small business reporter at the Wall Street Journal and the focal point of his writings is about investigative features and personality-driven trend stories. He has written articles on real-estate market boom, the art of rating wines and many more. Now, he is a multimedia staff writer at The Chronicle of Philantrophy, covering nonprofit fund raising with a focus of how technology and social media shape fund-raising strategies. In my opinion, this article is quite interesting as it shows the ways certain businesses chose to reduce their expenses in order to avoid layoffs during recession. It might be a risky thing to do by the companies because employees payroll is one of... If you want to get a full essay, order it on our website: Ordercustompaper.com

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