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Message
re: Reducing Payroll
Posted on 12/5/16 at 9:26 am to ThatMakesSense
Posted on 12/5/16 at 9:26 am to ThatMakesSense
quote:
20%. I've had to do this, every year, the last 8 years. I've always went with reducing all employee hours..I roll with the motto, 'Hey, we're a team...when times are good we all profit, when times are tough we all suffer.'
Notwithstanding is that most of my employees have been with the company 15+ years and receive above industry standards PTO.
This time of the year is always tough at LAS.
0
Posted on 12/5/16 at 9:34 am to ThatMakesSense
quote:
Grandfathered clauses and shite. Not my decision. 70% of my employees are getting 7 weeks PTO/yr.
Then I'd definitely cut some and rehire w/o those clauses
Posted on 12/5/16 at 9:40 am to ThatMakesSense
No matter which option you go with, doing it at Christmas is a dick move. Either way, the people that are about to either lose their job all together or take a pay cut will spend a good chunk of their savings at Christmas. Not only are you taking away future income, you are doing it right after they spend the money they may need to live on now.
Either way, go frick yourself with a cactus
Either way, go frick yourself with a cactus
Posted on 12/5/16 at 9:43 am to Jeff Boomhauer
quote:
No matter which option you go with, doing it at Christmas is a dick move. Either way, the people that are about to either lose their job all together or take a pay cut will spend a good chunk of their savings at Christmas. Not only are you taking away future income, you are doing it right after they spend the money they may need to live on now.
If someone is spending most of their savings on Christmas presents it's not the company's problem. You have to take emotion out of the equation when making these types of decisions. It's not for everyone.
Posted on 12/5/16 at 9:44 am to Jeff Boomhauer
I wish 2 of them would come and say what you just did, would make it easier.
Posted on 12/5/16 at 9:49 am to ThatMakesSense
What happens if you refuse? Do you become 1 of the 2?
Posted on 12/5/16 at 9:54 am to Weekend Warrior79
Most decidedly, no.
'I misread the email, I thought you said 20% over budget'
Posted on 12/5/16 at 9:57 am to ThatMakesSense
Do you have any idea what your payroll is as a percent of your revenue right now before you make these cuts?
Posted on 12/5/16 at 10:06 am to ThatMakesSense
I can't imagine staying with a company 15 years that can't plan well enough to set aside enough to pay it's employees if things get slow for a few months.
My wife and I started a business recently and are already taking money every month and putting it away until we have 6 months of operating expenses set aside.
My wife and I started a business recently and are already taking money every month and putting it away until we have 6 months of operating expenses set aside.
Posted on 12/5/16 at 12:10 pm to DownSouthDave
quote:
This exists?
I'll get 8 weeks PTO when I hit 10 yrs in about 11 months
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