Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today!
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In this episode, we address companies facing cash flow problems and are finding it difficult to pay employees. We go over the three options of pay cuts vs. furloughs vs. layoffs and break down the steps to implementing a fair pay cut that HR and companies can utilize to make payroll for the foreseeable future.
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BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy.
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What is an HRIS?
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BernieU: Your free one-stop shop for compelling, convenient, and comprehensive HR training and courses that will keep you up-to-date on all things human resources. Approved for SHRM & HRCI recertification credit hours. Enroll today!
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Join the HR Party of One LinkedIn Group!
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▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬
Blog Post: COVID-19 Furlough vs Layoff
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Related Episode: How to Apply for the Paycheck Protection Program
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Related Episode: CARES Act Summary: How to Prepare for the Coronavirus Stimulus Package
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