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How would you handle a startup that suddenly cannot pay its employees?

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Question added by Fida Abo Alrob , Sr. Copywriter , Imena Digital
Date Posted: 2014/04/27
IRPHAN GHANI
by IRPHAN GHANI , Senior Management , A

Depends upon the type of business start up.

A typical trading start up may be thru channel network by sharing  the profit as`commission to agents, channel partners, retailers,etc.

bader mustafa
by bader mustafa , senior cluster facilities manager , Mosanada

just close it

Abhinandan Khatua
by Abhinandan Khatua , Branch Manager , Ingram Micro

Such type of situations may be handeled by sharing the profitablity of the organisation with its employees.

 

A start up company to function, there needs to be the best people who has the attitude towards a positive approach in ensuring the structure of the organisation in tact. Here, the employees has to compromise on certain things especially on their pay cheque. The whole scenario will be changed once the Strategic Planning is implemented and followed up for the smooth functioning. However, the cost of implementing things cannot be compromised; But, the employees who will be the share holders in the time to come once things are done has to compromise.

Mohamed Basem Hemedh
by Mohamed Basem Hemedh , Siren Projects Eastern Region Manager , Nextel Millennium Telecom Manager

 I totally agree with Mr. Imran & Farrukh.I have to be more flexible to study more options as Mr. Irphan & Farrukh mentioned, Otherwise I have to follow Badar advice to close it.

 

 

Jude Cornelius
by Jude Cornelius , Manager – HR , PRABA'S V CARE GROUP OF COMPANIES

HAND OVER TO BIG COMPANIES THAT ARE INTERESTED.

STAFF CAN BE SHIFTED TO OTHER COMPANIES / CONTACTS YOU HAVE.

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