Topic > Contingent Workers: A Solution to Business Volatility

These options should include the following: Reduce the consumption of overtime hours and shift those tasks to engineers in the interim, offering the option of unpaid leave or early retirement to the in order to make way for younger generations, or by offering engineers the opportunity to move into a different demographic at one of their other locations. Daniels must keep in mind that there are costs associated with layoffs. If DSI were to choose the layoffs option, costs could increase rapidly. The company would have to negotiate severance pay, compensation for consultants assisting in the downsizing process, loss of confidence in management, litigation from dissatisfied workers, and lack of staff to grow when the industry recovers, to name a few of the potential costs. which should be taken into consideration (Jackson, Schuler and Werner,