In the final article of our ‘5 ways in 5 days’ series, we are looking at options to control labour costs which don’t involve implementing redundancies. This article addresses:
- offering retirement; and
- offering resignation.
Many businesses in Australia, both large and small, have struggled in recent years in tough economic conditions. One of the common reactions to that situation has been to reduce staff levels through significant redundancy programs or even by withdrawing from the market completely like car manufacturers in Australia. But downsizing that is driven purely by cyclical business conditions is, potentially, at odds with the long-term health of an organisation.…