1. COVID-19 and Reducing Costs During Crisis

COVID-19 and Reducing Costs During Crisis

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Team Registrations: Due to COVID-19, many organizations require multiple registrations for those working from home. If you need to register multiple users from a single organization, please email [email protected] to receive a team registration discount code and be sure to include the webinar title and the total number of registrations in your inquiry.
Event ID: 2273380
Date: Friday, April 17, 2020; 1:30 PM Eastern
Duration: Scheduled for 60 minutes including question and answer period.
Presenter: Jenni Stone
Credits: 1.0 HRCI, 1.0 SHRM

COVID-19 and Reducing Costs During Crisis

Most experts agree that the coronavirus will cause a severe economic downturn. You can plan now to help your business weather the worst of the storm while preserving as many jobs as possible.

Applying an HR perspective to examining costs will enable you to make hard choices that balance the livelihood of employees with the immediate financial situation and long-term needs of the company.

  • How can you and your team consider the business broadly?
  • What costs will an examination of supply chains and talent streams reveal?
  • How do costs affect cash flow?
  • How should you review job functions to determine which positions to consider eliminating?
  • What are the alternatives to reducing headcount?

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