As a general rule, one of the largest expenditures that a typical company makes is in the hiring and paying of personnel. While technology and infrastructure costs might also be enormous, generally speaking it is paying employees a salary that takes up the largest chunk of resources of a typical company operating in the world today.

While you should try and avoid mass lay-offs unless there are no other options left to pursue, there are ways that you can save a little bit of money here and there by trimming the hedges a little bit. One strategy that you can employee is to rotate employee shifts, taking a handful of employees and letting them off work one or two hours early on Friday. If you rotate this throughout the different people that are working, you can save a few hours of salary once a week and the rotation should ensure that people do not lose so much of their work that it makes it difficult for them to continue working for you at the current rate of work and pay that you give them.

Strategies like this often have the added effect of increasing employee morale, something that directly contributes to higher productivity. This in turn can allow you to add a permanent rotated employee shift situation into your business until the economy turns around. While it will not save nearly as much money as mass lay-offs, it will keep morale high and might just save enough in conjunction with other cost saving measures that your company can get through the current hard times.

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