If you were asked to give a recommendation on ways to reduce costs (staff reduction, benefit reduction, furloughs, etc.) what would you recommend and why?© BrainMass Inc. brainmass.com June 4, 2020, 2:45 am ad1c9bdddf
Hello. I provide the following to assist you in formulating your response.
I was asked to provide a recommendation on ways to reduce costs, I would recommend the following:
a. Staff reduction: If the costs are so abundant, that a staff reduction is necessary, I would suggest a gradual reduction, to see if the business can recover. In this sense, you are not causing a large layoff and causing employees to be concerned, ...
This solution outlines some ways that managers can reduce costs.