Overview
- There is currently a fair amount of speculation about whether a recession is coming
- Based on certain industries and sectors in Canada, it certainly appears there may already be a rolling recession
- No matter what state your business is currently in, as an employer, it is wise to adopt best practices to ensure a strong future
- The purpose of today's webinar is to review employer best practices for handling a recession
- This seminar acts as a compliment to the webinars that we hold throughout the year
- This webinar should not be relied on in lieu of legal advice and you should always consult with your employment lawyer to understand your legal options and obligations
Agenda
1. Reducing Your Overhead
a) Remote Work
b) Minimizing Overtime Obligations
2. Eliminating the Competition
a) Drafting Non-Solicitation Agreements
b) Pay If You Compete Agreements
c) Responding to Improper Competition
3. Scaling Back Your Business
1) Reducing Your Overhead
- There are a variety of options available to employers to reduce their overhead in response to or in advance of a recession
- Options to reduce overhead include auditing your supply/material costs, automating certain tasks, auditing your marketing costs, improving workforce management to reduce turnover, trimming your team, going green, outsourcing, etc
- For this webinar, we will be reviewing reducing your overhead through remote work and managing overtime pay obligations
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.