Tuesday, March 10th, 2009
- Invite staff to take 6 months or one year off as unpaid leave. It might appeal to younger staff still smitten by the travel bug.
- Offer staff four day weeks for a defined length of time.
- Put together hit squads to work out ways of cutting costs.
- Allow staff to go on tempory assignments in other organisations.
- Set up long term strategic projects and allocate staff on a full time basis to investigate and report back.
- Focus staff on the areas of greatest need rather than existing structures.
- Train staff for new roles rather than externally recruit.
- Focus teams on developing new revenue earning lines fast.
- Lower earning expectations and profit margins for the year.
- Invite all staff to share ideas for efficiency savings, better services and products and then go for 3. above.