Discover how cash flow-driven workforce planning helped an organization navigate the COVID-19 downturn, preserve jobs, and maintain financial stability.
Problem Statement:
The COVID-19 lockdown led to clients putting projects on hold. This led to an underutilization of resources. To avoid layoffs, management wanted to understand the quantum of salary cuts that should be made across the organization so as to align costs with reduced cash inflows.
Solution Offered:
- Calibrated salary cuts based on projected future cash flows so as to achieve a financial breakeven scenario
Result:
- Reduced salaries across the board by 23% for the initial months
- Zero retrenchment
- Achieved close to breakeven profitability during the year.
