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21 APRIL 2020
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Businesses are struggling during this extremely volatile period resulting from the global COVID-19 pandemic. In response to the current economic conditions, many organizations have started various cost-cutting measures, and layoffs are often one of the first. In this podcast, researchers from The Conference Board discuss two recent reports on COVID-19 and layoffs: Finding Innovative Alternatives to Layoffs, with eleven cost-saving alternative measures to help organizations avoid laying off employees. The other report is Conducting Compassionate Layoffs – for organizations in survival mode, to make layoffs less painful and damaging in both the short and long term, The Conference Board suggests employers take seven actions to conduct layoffs more compassionately. Both reports are available to the public, along with the remaining reports in the Human Capital Management during COVID-19 series found at COVID-19 Pandemic Resources & Support for the Human Capital Community. And if your organization has found a creative alternative to layoffs, please email Robin Erickson, PhD, Principal Researcher at robin.erickson@tcb.org.
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