• September 29, 2023

Corporate Vs Small Business Stability

I saw it before I left the corporate world and continue to see the trend even now. Corporations have historically spent an average of 30-40% of their workforce budget just on benefits making employee related expenditure the highest in the budget. Everything from salaries to healthcare to vacation pay employees thus become a liability in tough economic times. That is why laying off the workforce is such a savings. Remember corporations have share holders to answer to. As much as we want to think of our companies as families or a home away from home, when push comes to shove …

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