Is business down? Are expenses piling up and cash reserves low? Is your frustration level off the charts? It may be time to make some tough decisions.
One alternative is to lay off staffers. But another strategy might be more palatable for your operation and anyone in it who’s anxious to keep their job: going to a four-day workweek. Reducing wages and FICA costs 20% might just be what your company needs to get through tough times.