Layofffs Vs. Furloughs Layoffs Vs. Essay

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Employees that have been laid off do not continue to receive benefits such as vacation time and insurance (Brazas, 2012).

Discussion

Many companies feel that by furloughing employees during this tough economic period they are able to buy more time to make smart decisions. Often furloughs are less costly than layoffs for employers because they avoid severance costs and when business picks up recruiting and training costs for new workers (Tuna, 2009).

On the other hand, some workplace experts believe layoffs are more efficient if looks as if business will not be picking up in the near future. Furthermore, the implementation of a furlough program may drive away top performers while encouraging mediocre workers to stay. Another potential problem with furloughs is they prolong painful cost cutting and may potentially hurt morale and productivity (Tuna, 2009).

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Conclusion

The possibility of layoffs is not only stressful for employees, but for management as well. When layoffs do happen the potential of the company to go under is high. In a market where layoffs are common, business owners can create the perception that they may actually be fiscally more vigorous, as well as hold on to personnel assets they have already invested in, through the implementation of a furlough program (Sebastian, 2010)......

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