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Hr Strategies

In: Business and Management

Submitted By SakshiAg
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Slashing other overheads
Companies are also axing seemingly trivial costs to boost their margins. For example firms are getting staff involved in cost cutting by turning down thermostats, outsourcing some activities and using second-class post. Thorntons reported they were looking to negotiate lower rents.
But unfortunately, some companies are not taking steps such as these to avoid redundancies. A spokesperson at Communication Workers Union said: 'Companies that we are representing are just getting rid of a lot of staff. Royal Mail, BT, O2, Cable & Wireless, Airways and lots of telecommunications companies are also changing full-time staff to part-time'.

Job sharing
Job sharing is a popular way for companies to reduce costs without having to get rid of their staff, but it is not the only method being used. Pay cuts, shorter working weeks and other tactics are also being put in place across the UK.
A spokesperson from the Confederation of British Industry said: 'During these difficult times, many companies will be looking at various ways they can work differently, in order that they can survive the recession and avoid going down the costly route of redundancies.'

Shorter working weeks
Companies offering shorter working weeks include KPMG who told staff in January that they could save their jobs by volunteering to work a four-day week. At the time KPMG's associate partner David Knight warned that: 'A redundancy programme can lead to problems when the upturn eventually arrives.' And 2,500 JCB workers of a work force of over 8,000 agreed to work a four-day week for 13 weeks to help the manufacturing firm.

Sabbaticals
The 11,000 workforce of KPMG was also offered a sabbatical, which would require them to take between one and three months off on 30 per cent pay. Gleneagles, owned by Diageo Plc, sent letters to 700 employees in January asking them to...

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