investing articles

The best way to lay off employees

concernedman19185284.jpgThe need to lay off employees is a reality that is facing more and more businesses these days.Companies that had never before considered letting their employees go are now being faced with this option as a necessary step towards keeping their business afloat.No business owner hopes to ever find him or herself in the situation where they are responsible for informing an employee that they no longer have a job.While the feelings of the employees who will be laid off are no doubt at the front of your mind, there is also reason to be concerned about how news of layoffs will affect the work of the remaining employees.The remaining employees will likely be concerned about the stability of their own jobs, and this concern or even fear, can seriously and negatively affect your workplace culture.Communication is the key to ensuring that your struggling financial situation and resulting layoffs do not destroy your business.

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Public speaking skills managers need to have

oldermanpointing30841371.jpgA large responsibility you will have as a manager is learning how to give presentations and a handful of public speeches. Public speaking is one of the largest fears next to going to the dentist so you may have some initial reservations about giving presentations to a large group. However, once you get over your initial reservations and learn some simple skills, public speaking will be one of the easiest things. Follow these simple suggestions and public speaking will be fairly simple:

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Handling cutbacks

accountant37004036.jpgOne of the worst responsibilities you have as a manager is handling cutbacks. It is terrible to let a person know that they no longer have a job with your company and no matter how delicately you try to put it, someone is going to be hurt. Cutbacks aren't too bad if you have some employees that are underperforming but it can be quite painful if you have to lay off some of your best employees due to budget cuts and a bad economy.

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The long-term effects of downsizing

contractor30905267.jpgDownsizing is emotionally draining on everyone, especially managers. While it may be easy to pick out which employees you are going to lay off, dealing with the after-effects is going to be extremely challenging and sometimes frustrating. Most managers just focus on the immediate needs that happen when you go through the downsizing process and they don't think of the long-term effects of downsizing.

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