If the recession doesn’t kill you, the recovery will is an expression that has made an impression on a number of companies. Personnel have been cut to the bone and companies are realizing that former employees walked away with institutional intelligence. Robert Olson, Winnebago Industries’ CEO uses furloughs and moved to a four-day work week to remain poised for the market’s turn around. Olson said, “You can’t cut your way to prosperity.” Furloughs (temporary lay-offs) are growing in popularity. Furloughs can reduce overhead expenses and retain employees. Until recently, furloughs were thought to reduce morale and productivity. However in these […]