The short-run options available are loaning or subcontracting, voluntary leaves, and across-the-board salary reductions. Taking loans shelters the expenses and helps in contracting jobs. Employees can take voluntary leaves, and the management can decide to reduce the salaries of all workers to cut costs. The long-run options available are hiring freezes, offering early retirement options, and cross-training employees.
Cross-training makes the employees learn additional responsibilities. Hiring freezes eliminate the employment of unnecessary workers. The policy options available include a greater percentage of performances tied to performance and the staff at less than 100%. A greater percentage policy entails encouraging workers of higher performance to get more profits. The staff at less than 100% policy entails offering current workers overtime options.