Alternatives to Cutting Compensation, Benefits, and People
Payroll is generally the first place professional firms look for savings and now is certainly an opportune time to review your staff and remove weak performers. Smart leaders are looking for both short-term economies and long-term strategic advantages beyond cutting comp. benefits and people.
Review alternative options for tightening operations and controlling costs. It’s time to look at historic spending and budget for the future. Align your spending with your firm’s short and long term infinitives and you’ll be surprised at how much more cost-efficient you’ll be. As you go through this process assess the following areas carefully.
Tighten operations. If your firm hasn’t focused on tightening operations and expenses there’s no better time to review:
