Difficult Decisions: Layoffs, Furloughs, and Pay Cuts

In this episode, we address companies facing cash flow problems and are finding it difficult to pay employees. We go over the three options of pay cuts vs. furloughs vs. layoffs and break down the steps to implementing a fair pay cut that HR and companies can utilize to make payroll for the foreseeable future.Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today! https://offer.bernieportal.com/bernieportal-employer-demo-hrpo1/Find us at https://www.bernieportal.com/hr-party-of-one/BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy. http://bit.ly/2NEQ5QbWhat is an HRIS?https://bit.ly/what-is-an-hrisBernieU: Your free one-stop shop for compelling, convenient, and comprehensive HR training and courses that will keep you up-to-date on all things human resources. Approved for SHRM & HRCI recertification credit hours. Enroll today!https://bernieu.bernieportal.com/Join the HR Party of One LinkedIn Group!https://www.bernieportal.com/community/▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬Blog Post: COVID-19 Furlough vs Layoffhttps://blog.bernieportal.com/covid-19-furlough-vs-layoff Related Episode: How to Apply for the Paycheck Protection Programhttps://youtu.be/tg4Rd5vRiGc Related Episode: CARES Act Summary: How to Prepare for the Coronavirus Stimulus Packagehttps://youtu.be/y1GH3bZMgkM▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬► LinkedIn: https://www.linkedin.com/company/bernieportal