Wouldn’t you want to work at a company that avoids corporate downsizing, has no job layoffs and that highly values its employees? Well, believe it or not, such companies do exist!
Best Companies That Avoid Corporate Downsizing
- Nugget Market is an 81 year old grocery chain that has a simple attrition policy — when business is slow, they just stop replacing employees who decide to quit voluntarily. If need be, different store locations engage in staff swaps (or sharing staff), which is a way to balance out work loads across stores. They also use temps and cross train their permanent employees — all smart ways to run a business!
- Devon Energy is an energy company that takes in $11.3 billion in revenue each year. They sidestep layoffs by staying conservative with costs. Sounds like what we all should be doing regardless of how well the economy is running!
- Aflac sells supplemental insurance and is probably best remembered for its duck commercials. What I like about them? They allow flexible work schedules and telecommuting — signs of a progressive company. Plus these policies actually help them save money! Not to mention, if employees are happy, I’m sure it translates to overall success.
- QuikTrip is a privately held 24 hour convenience store chain. They claim that the reason they’ve avoided layoffs is that they’re able to reinvest profits back into their business, being a private company. This helps them grow their company at a good clip.
- The Container Store is a retail company that has managed to buck the economic downtrend by freezing salaries and really watching their outgo. See what happens when everyone agrees to cap their pay?
- NuStar Energy is a pipeline operator (hmmm…. not sure what they do, but it’s in the area of oil and gas). They have a no layoff policy since the management believes it “erodes morale, creates fear and reduces productivity.” So they try to avoid layoffs at all costs. The result? Truly loyal employees.
- Stew Leonard is a privately held grocery chain whose priority is training and caring for their employees. Again, being a private company helps them to stay nimble and to execute plans more easily during downtrends.
- Scottrade is an online broker that’s bent on trying to provide job security to its employees. They’re a conservative company focused on longevity.
- Publix Super Markets is a grocery chain with an awesome balance sheet that’s 100% employee-owned. Again, a great management team has allowed them to remain financially sound without having to fear layoffs.
Avoid Job Layoffs: Recession-Proof Your Career!
Here’s one other tip if you’re about to lose your job or are currently on a job hunt: for your next position, consider focusing on the best jobs to ride out a recession in order to recession-proof your career going forward.