No More Free Lunch

My dad decided to cut back on things at his upstate New York Contracting firm. Only gas used for driving to and from a specific jobsite is reimbursed, no more marketing or advertising, no more raises, bonuses, or overtime. He's also put a moratorium on employee training seminars. I can't understand how cutting back on employee training results in significant cost savings. I see it as a dangerous short term maneuver that will cost precious opportunity in the future. Has your HVAC contracting or design firm cut back to save money? If so, where have you cut? Have you trimmed essential training and education programs? How will your firm's long term effectiveness be affected?

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