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Course/Product Description
Title:

Pay Cuts As A Viable Alternative To Layoffs: Determining What Works Best For Your Organization

SKU:WC-1010460
Date / Time: Recorded
Format: Webinar
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Description:

By most accounts, the economy is on an upswing, although the recovery process is slow and employees aren't that optimistic. About 50 percent of U.S. workers believe benefits will be cut in 2012, 24 percent think a pay cut may be coming soon, and 41 percent believe that layoffs are on the horizon.

Despite these grim projections, two-thirds of employees see a future at their organizations and would be willing to lose their bonuses or work longer hours just to keep their jobs. Assuming that's true, there's a good chance that your top performers could stick around even if you need to cut their compensation in the short term - which could be a viable option for organizations facing layoffs.

But are pay cuts right for you? By participating in this interactive webinar, you'll learn an effective strategy for determining if pay cuts will work for your organization, the risks and rewards of this approach to boosting your bottom line, and the best practices for communicating your changes without disrupting your workforce.

Participate in this interactive and timely webinar, and you'll learn:

  • Data to collect before determining if a pay cut is the best option for your organization
  • Tips for determining how big a cut you should make
  • Whether your cut should be limited to executive-level employees, made across the board, or on a tiered basis
  • The pros and cons of voluntary pay cuts
  • The types of incentives you should consider offering when a pay cut is necessary
  • Whether a salary freeze is a viable alternative to pay cuts - or just a temporary fix
  • When and how to communicate pay cuts to your workforce
  • How to tell if layoffs are a better solution for your organization than pay cuts
  • Why employee buy-in is absolutely essential if you're planning on cutting pay and how to go about getting it

In just 90 minutes, you'll learn the ins and outs of pay cuts and whether or not they're a viable strategy for your organization. Register now for this timely event for both supervisors and HR professionals.

About your Speaker:

Mary Anne Kennedy is the principal consultant at MAKHR Consulting, LLC, a New Jersey based full-service human resources advisory firm. MAKHR Consulting provides small- to medium-sized business owners and employers with the full spectrum of HR services and programs, including all aspects of talent acquisition, from the full cycle recruitment process to succession planning and performance management.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

Licenses / Designations / Educational Credits:PHR/SPHR
All US States: 1.5
About The Provider: BLR® is the leader in helping organizations, and their employees, reduce safety, environmental and employment compliance-related legal exposure, stay on the right side of law, and achieve their full potential. We offer best-in-class compliance product and services that includes news, information & analysis, best practice guidance, employee training and turn-key tools delivered in a wide range of formats from online applications, live events and websites to books, CD's, Video, Posters and newsletters geared to all sized organizations and industries.
More Info: Contact Us For More Information
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