How do you handle shortage from the end of a staff in your business?

K

King Belieal

Notable

Member

Oct 26, 2023

2,542

44

Dex

$0.401

Raw Dex

$0.001

• May 9, 2024

• #1

For some of us that have staff working with us in our businesses, it is not really surprising to see staff incur shortages to the business either by commission or omission.

How do you handle such instances of financial shortage caused by staff in your business?

 

nomad

Very Familiar

Member

Jun 22, 2022

10,544

507

Dex

$0.000

Raw Dex

$0.000

• May 10, 2024

• #2

Over staffing is one of the major issues, You should lay off staff if you are experiencing financial strain.

 

Shavkat

Very Familiar

Member

Sep 7, 2022

13,562

947

Dex

$0.015

Raw Dex

$4.892

• May 10, 2024

• #3

It can be deducted from their salaries. It can be done if they have signed a contract like this.

 

Tracee1

Unfamiliar

Member

Dec 24, 2022

134

13

Dex

$0.000

Raw Dex

$0.260

• Aug 20, 2024

• #4

it all depends on the contract you have with that staff and also the kind of work environment they are in. for example if you employ a family member without any legal binding contract that states the terms and conditions, they might get away free from any responsibility

 

eldavis

Very Familiar

Member

Sep 4, 2022

14,548

657

Dex

$0.000

Raw Dex

$1.008

• Aug 20, 2024

• #5

For most business owners, they normally deduct the money from the salaries of the employee.

 

Shavkat

Very Familiar

Member

Sep 7, 2022

13,562

947

Dex

$0.015

Raw Dex

$4.892

• Aug 20, 2024

• #6

Tracee1 said:

it all depends on the contract you have with that staff and also the kind of work environment they are in. for example if you employ a family member without any legal binding contract that states the terms and conditions, they might get away free from any responsibility

Click to expand...

I agree with you. It can still be evaluated if the human resource department conducted performance evaluation. They are the ones who are going to call their attention to enhance or improve their existing soft skills.

 

T

timewo

Notable

Member

Jul 30, 2022

2,708

212

Dex

$0.160

Raw Dex

$0.763

• Aug 20, 2024

• #7

It depends on the profit margin of the business, small amounts can be written off, larger amounts are usually recovered.

 

R

Ratine

Notable

Member

Sep 5, 2022

3,413

47

Dex

$5.000

Raw Dex

$1.001

• Aug 20, 2024

• #8

Shortage in business is something that must be avoided at all costs because it kills businesses so much.