Today’s guest post is a story from CNNMoney.com about 9 companies who have, as of mid-January 2009, never had a layoff – some going back over 80 years.
Check out the stories of Nugget Market, Devon Energy, Aflac, QuikTrip, The Container Shop, NuStar, Stew Leonard’s, Publix and Scottrade.
Cross-training, telecommuting, careful hiring and resource use, flexible salary review periods, flex schedules, focused expenditure justification, tons of training, great communication, loyalty that runs deep – in both directions, thinking long-term, focusing on the staff as an asset instead of a cost, and employee ownership.
There are lessons here on far more than just avoiding layoffs.
Take one home with you.
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These are lessons every manager should learn. Layoffs are most often a failure of management. Difficult economic times are not impossible to foresee. We all know they are fairly frequent. If you design your business so whenever they happen you are in trouble that is not a good model, in my opinion.
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