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4.5 Deal with weak employees

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Some employees may have less to do during a troubled market. As a result, these employees may still be getting paid full-time salaries even though they may no longer be earning them. To resolve this, you may want to consider changing their hours or increasing their workload. Until the volume increases, it may be possible to switch some of these employees to part time during this lull. If possible, you may even want to lay off the weakest performers and add additional new staff members when the company’s profitability increases.

19 Ways to Survive in a Tough Economy

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