If the first step does not get the needed savings, they move to the next. Cut the number of hours. Make arrangements with other employers who will agree to take displaced workers. Reduced Hours A policy is established that either places everyone in a particular job category on a flexible working arrangement or creates a flex-pool made up of volunteers from the department. The goal is to reduce the number of hours worked by each employee.
Job sharing is a variation of flextime and has been used successfully in many organizations.
People divide a job between them, with each person receiving proportionate benefits. Lower Wages Wages are lowered in order to save money. Executive compensation is reduced by the highest percentage, followed by middle management, with non-management staff suffering the smallest percentage of loss. This is usually a temporary program instituted to get through a downturn or until other reductions such as attrition can take place. Positions are not filled as people leave.