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June 24, 2011

Why Curbing Benefits Should Not Be the First Cost-Cutting Action Taken

With the economy continuing to be in a precarious position, and unemployment figures equally pessimistic, many companies are looking for ways to divide costs in order to shelter themselves from these dense economic impacts. And in many cases, the low-hanging fruit appears to revolve encircling employee benefits. It can be far simpler to slash bonuses and raises, for example, than it is to capture a cold dense gaze at expenditures and determine where money can be saved. Yet is this really the best first option for companies, this knee-jerk action by Human Resources to capture away employee benefits?
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