The Headcount Solution : How to Cut Compensation Costs and Keep Your Best People

The plan must clearly state where the company is headed and how it will resolve the crisis. You won’t need anything fancy, but you will need a plan that:

• Sets explicit cost reduction goals.

• Outlines specific steps for achieving the goals.

• Assigns clear responsibility for achieving the goals.

• Sets explicit deadlines for each step.

Remember that the plan will not happen by itself. It must be actively managed to completion, like any other important project.