Where do you start when an executive asks you to lay off a percentage of your employees? One place is in the Knowledge Network where a Layoff Checklist is located. This tool gives managers ideas about what to do before pulling the trigger, such as, developing a detailed plan for handling the workload after the layoffs have occurred and arranging to cancel access privileges immediately after terminating anyone.
But crunching the numbers and figuring out how to reduce salaries and get to a certain staff level requires a different tool. IT Business Edge contributor Michael Stevens has uploaded a Reduction in Force Calculator to the Knowledge Network in hopes of helping businesses navigate this difficult process.
Obviously, the decisions about who to layoff will not be based on salary alone. But once you have figured out some options, this calculator will quickly show you whether they meet the target.
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