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.

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▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬

Blog Post: COVID-19 Furlough vs Layoff

https://blog.bernieportal.com/covid-19-furlough-vs-layoff

Related Episode: How to Apply for the Paycheck Protection Program

https://youtu.be/tg4Rd5vRiGc

Related Episode: CARES Act Summary: How to Prepare for the Coronavirus Stimulus Package

https://youtu.be/y1GH3bZMgkM

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