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| Author: | Saporito, B. |
| Title: | Cutting costs without cutting people. ( *HALLMARK ) |
| Journal: | Fortune
1987 : MAY 25, VOL. 115:11, p. 20-26 |
| Index terms: | MANAGEMENT CORPORATE STRATEGY STRUCTURAL CHANGE PERSONNEL MANAGEMENT UNEMPLOYMENT |
| Language: | eng |
| Abstract: | How U.S. business firms have found it is cheaper not to fire people, but change the way the work is done and retrain the employees. Cost containment by trimming management and workers. Recycling of the workers. A cash bonus equal to a fixed percentage of operating profits. Examples are given of linking compensation to business success. Use of a computerized job-skills bank. A separate box gives interview with Irvine O. Hockaday, CEO of Hallmark Cards, on its no-layoffs policy. |
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